The Ethiopian government says concerns about foreign investors exporting food are outweighed by the plantations’ capacity to bring the country foreign exchange and technology, as well as creating employment.
The UPA Government has deprived job opportunities to millions of illiterate and semi-literate Indians by forcing Indian companies to invest abroad in overseas plantations and coal mining sectors.
He owns land eight times the size of Mumbai, most of it in distant Ethiopia. His company, Karuturi Global, figures among the top 25 agri transnational corporations. But he wants more -- to break into the top 10 and rub shoulders with the likes of ConAgro and Cargill.
Ramakrishna Karuturi does not feature on any international power list. Perhaps he should.
In June 2009, the Indian company Karuturi took up intensive farming in Ethiopia. The harvest will be exported to Asia and Europe.
Indiens et Saoudiens sont sur le point d’effectuer leur première récolte sur sol éthiopien. Le pays a prévu de céder 2,7 millions d’hectares aux étrangers.
Le gouvernement éthiopien mettra 2,7 millions d’hectares à disposition des investisseurs étrangers, 1,6 million d’ici à octobre, à des conditions privilégiées. Enquête excellente de l'Hebdo en Ethiopie et au Madagascar.
A multi-million birr investment project by Karuturi Global Limited, an Indian company in Etang Special Woreda of Gambella State was launched on Saturday.
