Karuturi Global on Ethiopian plans
- NDTV
- 16 June 2010
Sai R Karuturi, founder and MD of Karuturi Global, says the company has acquired a very large piece of land in Ethiopia and has started agricultural production from it.
Sai R Karuturi, founder and MD of Karuturi Global, says the company has acquired a very large piece of land in Ethiopia and has started agricultural production from it.
Indian tea companies, among others, are making a beeline to acquire estates in Africa. And the government is facilitating their hunt for good deals.
"Personally, I believe that in five years or in ten years time I would like to be seen and compared with peers such as Cargill or the Archer Daniels of the world or the Bunges of the world."
This one-day multidisciplinary workshop will examine the scale of the problem and the environmental degradation, economic, social and health problems facing the Oromo people as the result of the farmland wholesale to foreign investors and will aim to formulate a consensus on how to mitigate its burden on the Oromo people.
La corsa alle terre d’Etiopia è il fenomeno che coinvolge tutta l’Africa.
"Agricultural lands being leased by Saudis have been increasing by the day in Ethiopia," Ethiopian Consul General Tekleab Kebede says.
Con una dozzina di grandi laghi, altrettanti corsi d’acqua principali e oltre 3,5 milioni di ettari di terra irrigata, l’Etiopia è il «sogno blu» per gli investitori dell’arido Golfo arabo.
Contract covers the lease of 27,000 ha in the Regional State of Gambela for a period of 25 years, with option for renewal.
Ethiopian PM Meles Zenawi talks about the leasing of large areas of Ethiopian farmland to foreign investors during a panel on African agriculture at the World Economic Forum
Question - via video - to the 2010 World Economic Forum on Africa in Dar es Salaam on land grabbing in Ethiopia
Saudi Arabian investors are looking to expand their agricultural investments in the United States to secure long-term food supply because of water shortages in the desert kingdom, Saudi officials said on Thursday.
Recently, Kanayo Nwanze, head of the International Fund for Agricultural Development, told a news conference: "It is the wrong language to call them land grabs. They are investments in farmland--like investments in oil exploration."
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