He owns land eight times the size of Mumbai, most of it in distant Ethiopia. His company, Karuturi Global, figures among the top 25 agri transnational corporations. But he wants more -- to break into the top 10 and rub shoulders with the likes of ConAgro and Cargill.
Ramakrishna Karuturi does not feature on any international power list. Perhaps he should.
The 'Food Pirates' are fast expanding their network, their reach and their control over land. And it is happening fast in our own neighbourhood, writes Devinder Sharma.
If Islamabad chooses to sell valuable agricultural lands, may be India could help itself in partnership with the Gulf businessmen who want to produce fruit and vegetables in Pakistan. After all, the Gulf knows a lot less than India about agribusiness and we might well want to import food in the not too distant future.
Tanzania has offered to lease land to Indian private companies for a period of 99 years, as it pitched for increased investment in the agricultural sector.
Ethiopia’s government ruling tribal junta has defended its plan to offer 2.7 million hectares of farmland to foreign companies despite millions of citizens who need food aid from the international community.
What started as a government drive to secure cheap food resource has now become a viable business model and many Gulf companies are venturing into agricultural investments to diversify their portfolios.
In June 2009, the Indian company Karuturi took up intensive farming in Ethiopia. The harvest will be exported to Asia and Europe.
Indiens et Saoudiens sont sur le point d’effectuer leur première récolte sur sol éthiopien. Le pays a prévu de céder 2,7 millions d’hectares aux étrangers.
Le gouvernement éthiopien mettra 2,7 millions d’hectares à disposition des investisseurs étrangers, 1,6 million d’ici à octobre, à des conditions privilégiées. Enquête excellente de l'Hebdo en Ethiopie et au Madagascar.
La crisis del fósforo (clave para la vida), un grave y nuevo reto para la Humanidad. Respuestas capitalistas a la decadencia de la agricultura mundial y alternativas proletarias. Eslóganes.
Ethiopia is on the defensive over a plan to offer 2.7 million hectares of land to foreign, mainly Asian, companies despite millions crying out for food aid from the international community.
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Cameroun : bras de fer entre des planteurs et le groupe Bolloré
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