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Moneycontrol.com >> Messageboard >> Stocks >> Karuturi Global >> Karuturi Global Vows to Make Ethiopia World’s Leading Flower Exporter !
   You are here :     Moneycontrol     MMB    Stocks      Karuturi Global                         Most active discussions of 2006 , 2007 & 2008
Karuturi Global Vows to Make Ethiopia World’s Leading Flower Exporter ! (1)   07-Nov-09 14:39Track this thread   Tracked by (0)  
Posted by:   alfsrequal on ( 07-Nov-09 14:39 )
Price : BSE: Rs 14.82 ( 1.86 % ), NSE: Rs. 14.75 ( 1.03 % )
Mr Ramakriskna said the Company has also palm tree, sugarcane and rice farms in Etang, Gambella State covering 300,000 hectares, and 11,000 corn and vegetable farms in Bako, Oromia State, he said.

The director said the Gambella project in which 350 million USD is invested would develop cereals, oilseeds, palm oil, sugar and rice on 100,000 hectares of land in the coming three years.

He said the rice and maize production would be used for consumption in domestic and COMESA region.

The company has shelled out 490 million USD on all farms launched in Ethiopia.

The company has created jobs for 3000 people in all project areas so far.

Ramakrishna said the Ethiopian government officials are very supportive for what his company is doing.

The company is operating in Kenya, Dubai, Holland and India in the areas of floriculture, agro-based products, food processing, IT and others.

Source: ENA
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