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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 14:40Track this thread   Tracked by (0)  
Posted by:   alfsrequal on ( 07-Nov-09 14:40 )
Price : BSE: Rs 14.82 ( 1.86 % ), NSE: Rs. 14.75 ( 1.03 % )
Addis Ababa (October 13, 2009) - Sai Ramakrishna Karuturi , Managing Director of Karuturi Global of India vowed to make Ethiopia the leading cut flower exporting country in the world.

In an exclusive interview with ENA on Monday, Company Managing Director, Sia Ramakriskna Karuturi said his company, which is engaged in flower farm development on 50 hectares, has planed to expand on 50 more hectares beginning until December.

The Director said the company would cover fully the 435 hectares of land it took in Wolliso Town with flower farm by 2011.

The director said when the Wolliso o flower farm is fully developed by 2011; it will make Ethiopia the leading cut flower exporter in the world.

The director said currently 125, 000 cut flowers are produced from Holeta and Woliso farms per day. The volume of export will be increased from time to time.

The company has begun exporting cut flowers from Ethiopia to the Middle East, Holland and Russia since 2006.
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