Neha International To Acquire 50% In Ethiopia-Based Oromia Wonders
- Deal Curry
- 23 November 2010
Neha sold off its farm in Pune and shifted operations to ethiopia where it has lands for floriculture and food grains.
Neha sold off its farm in Pune and shifted operations to ethiopia where it has lands for floriculture and food grains.
Karuturi has an agreement to provide 40,000 tons of rice to neighboring Djibouti.
If what is going on in Gambella was happening in New Delhi, India; in Oxford, England; in Bismarck, North Dakota; in Saskatoon, Canada; this would be unthinkable.
Karuturi is perhaps the poster child for the big land grabs that have characterized large scale agricultural investment in Ethiopia
“If we get money [from renting out our land] we can buy food anywhere. Then we can solve [Ethiopia's] food problem,” says Abera Deressa, minister of state for agriculture
50yr lease agreement between Ethiopian government and India's Karuturi covering an initial 100,000 ha in Gambela. Contract enables Karuturi to extend concession by another 200,000 ha.
“I got in on the ground floor, others got in on the second floor, but there’s a lot of floors left to go in Africa’s economic cycle,” says farmland investor Sai Karuturi.
Immer mehr Länder, Nahrungsmittelkonzerne, Banken und Investmentfonds pachten langfristig Ackerland in den afrikanischen und asiatischen Entwicklungsländern.
“We should be supporting our own farmers and letting Africans cultivate their own land in their own way," says Slow Food President.
The Egyptian external agricultural land deals are all the more fragile as a future government or policy change in Ethiopia or Sudan risks destabilizing their external food security strategy.
Ramesh Krishnaswamy of Karuturi Global in an exclusive interview with CNBC-TV18
Sannati Agro Farm Enterprise Plc received a 10,000ht plot of land in Dimi District, Gambella Region, for the cultivation of rice, pulses, and cereals, from the Ministry of Agriculture and Rural Development on October 1, 2010.
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