Ethiopia

Indian businessman also has major stakes in farmland investors Ruchi Soya, KS Oils and Equitorial Palm Oil.

Bloqué par des difficultés d’acquisition de terres en Inde, le groupe Karuturi s’est tourné vers l’Afrique et a acheté ses premières parcelles en Éthiopie en 2004. Depuis, ses revenus ont été multipliés par onze, pour atteindre plus de 110 millions de dollars.

Contract covers the lease of 25,000 ha in the Regional State of Gambela for a period of 40 years, with option for renewal, for the production of sugar cane.

Covers 10,000 ha in Gambela Regional State for the production of rice, for an initial period of 50 years, with option for renewal.

Abu Dhabi's Jenaan Investment owns and leases properties in Egypt and Sudan, as well as leasing land in Tanzania, Ethiopia and the US.

Ethiopians do not need multinational food companies to improve their livelihood.

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.