India

Karuturi Global on Ethiopian plans

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.

Acquiring farmland abroad

The Indian government is encouraging private companies to shop for land in countries like Canada, Myanmar, Australia and Argentina to grow crops under long-term supply contracts.

Karuturi Global on Ethiopian plans

"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."

Hassad Food plans to invest $700mn in global projects

Hassad Food Company intends to invest $500mn to $700mn this year for projects across the world as part of its mission to ensure food security for Qatar, chairman and managing director Nasser bin Mohamed Mubarak al-Fuhaid al-Hajri has said.