Karuturi arm in PE deal talks to raise $100m
- VC Circle
- 09 February 2010
Standard Chartered Bank's Africa private equity arm and a unit of Reliance Capital are in talks to invest in Dubai-based Karuturi Overseas.
Standard Chartered Bank's Africa private equity arm and a unit of Reliance Capital are in talks to invest in Dubai-based Karuturi Overseas.
"Agricultural land owned by Indians in a foreign country with captive markets locally, and as an opportunity to export to India, is of interest to us," says Shashi Tharoor
"The urgent need is to find countries where India can grow its pulses and its grain, because India's farms may not be enough," says the director of Adani Logistics Ltd
Accaparement des terres - cas de l'Inde - par AGTER
Ruchi Soya Industries, one of the leading edible oil processors, on Friday announced a major farm land acquisition in Ethiopia for soybean cultivation.
Karuturi believes the potential for large profits is so great that it plans to invest nearly $1bn in its Ethiopian agricultural operations
The list of Indian companies that have purchased land in Africa is quite long and includes companies in businesses ranging from agriculture and horticulture to engineering and metals.
A long term land lease (25 000 ha) for cotton farming in Amhara and Benishangul Gumuz regions for a period of 50 years (renewable)
"This apparent rush to lease so much farmland, much or all of it to foreign interests, during a time of worsening food insecurity should raise concern within the donor community about GoE motivations and negotiating capacity," writes the US embassy in Addis Ababa in December 2009
Avanza en Etiopía el alquiler de grandes extensiones agrícolas a firmas indias y chinas
Sai Ramakrishna Karuturi, managing director of Karuturi Global Ltd was conferred with the award for business excellence in agribusiness in Africa by Corporate Council on Africa, for the year 2009.
Lured by a new business model, wealthy nations flock to farmland in Ethiopia, locking in food supplies grown half a world away
Moo Moo Farm looks to expand dairy operations
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