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Karuturi to Borrow From Sovereign Fund After First Ethiopia Crop
By William Davison
Karuturi Global Ltd. (KARG), the world’s largest rose grower, said it will borrow more than $100 million from a sovereign wealth fund to invest in farming in East Africa after selling its first produce from a plantation in Ethiopia.
The company, based in Bangalore, India, produced 21,000 metric tons of corn in the last quarter of 2012 that sold for about $6.5 million in Ethiopia, Managing Director Sai Ramakrishna Karuturi said in a phone interview on March 27. The harvest, grown on its plantation in western Ethiopia, showed the project was “not a disaster” after floods destroyed a 60,000- ton corn crop in September 2011, he said.
CONTINUED GROWTH, AND YET ANOTHER NAIL IN COFFIN OF USELESS DIASPORA OPPOSITION GROUPS!
Go clean yourself you are stinking nazret.com.
What this obsession with diaspora?
Ayeeeeeee…. how about obtaining some good education instead being intellectually challenged through and through?
የ ህንዱ ካሩቱሪ በነጻ ባገኘው መሬት በቆሎ አምርቶ መልሶ እኛው ላይ ያተርፋል::
በ አፋር ያለው ህዝብ ግን በረሃብ ይሞታል::
የ ውጪ ኩባንያዎች ባገራችን መሬት ሲያተርፉ
ህዝባችን በረሃብ ይረግፋል::
ይህንን ነው ው/ሮ ሚሚ እድገት እያለች ከላይ እልል ያለችው!!!
Why the diasporas don’t get a lease from the govt and priduce corn like karaturi, instead of trying to built a house in Addis to rent it. Those Fools and Idiots, like Ambassador Suzan Rice calls them, they don’t get it.
Karaturi atleast he fed the Ethiopians producing on their land, what did you do, you dacon Mesfin B. Writing BS on the internate. Bravo Karaturi.
Since when you have seen Losers be productive like Karaturi?One thing they are good at is talk.
I have a 100,000 hectar dry, inhospitable land for lease in Tigray for cheap. Anyone interested?
Sovereign Funds are investment funds owned by National governments rather than individual investors. This FUND typically created when governments have budgetary surpluses and have little or no international debt.
The biggest ones being countries like, China, India, Saudi Arabia, UAE, QATAR, Russia, Norway, Libya and others.
Now every one can see where we headed to. Our land is not only being leased to Karturi but all these countries coming in from the back door. They will have stake in our land with no Check and balances. While the local citizens are pushed aside with no say in their future.
This life in today’s “one-man-rule Democratic Ethiopia”
Mimi(Sebehatu?…LOL!!) and Besbessu time to feed yours
and all your Thuggy bros with the GMO crops of your Hindus Master .Which by making mutual “HARAKIRI” you will render the greatest services to the country and its peoples as the whole.Besbasaw are you treating the Fool and Idiots your own Agazi Jelles and Fool diasporas by the way what about your goat herder Agazi fake officers owning buildings all along Bole raod and the evil Widow owning a Huge Villa…LOL !!!!
truth ,maybe the evil widow and her Amice gang followers .Who would be interested to build mentions and villas to host Meles Mother’s relatives and their Eri Bros .Adgi would surely be interested by your proposal .To host his Eri parents in Tigrai…LOL !!!!
you are telling the world that you have been in existence for centuries,but you are well known to be the beggar nation until the wise-man of of Africa came to power with a vision to change this desperately a poor nation to a developing one by luring investors to make the difference. for God sake, when are you going to quit crying whenever good things come from formerly impoverished nation of Abyssinia?
india aka resident cadre with Indian name,
So who was that visionary leader? Let me guess Ramakrishna Karuturi??
Only the usual twisted cadres go to the extreme to call their own country “beggar nation” to score a point. Then again who said they belong to Ethiopia.
If you in case forgot, Your ‘visionary’ leader has not only lost his vision but his life untimely. Reason: he was indeed blind. There are two types of blindness. One is the obvious one that results from physical malfunctioning of the eyes. The other is as a result of malfunctioning of the mind. The latter was the case with your leader. Diagnosis: hatred. Good riddance!
Three debatable topics the Nazareth.com may post:
1. The effect of globalization on individual person and poor country?
2. Why do poor countries face a challenge to alleviate poverty?
3. What are a good way to support less developed countries to alleviate poverty? Who is reluctant to support genuinely and why? e.g. energy development, technology transfer.
U r very hateful diasporas are not only build house for rent… They are involved in many other business… Pls don’t be hateful…
Some of business that diasporas involved with
Night club ( sex industry)
Sport bar( another sex industry)
Hotel ( sex industry)
Sport club ( this okay but still… )
Did I say imported cloth shoe
About the diffrent between American investor and Indian investor
The Indian invstor such as Karuturi is 90% share hold by one person… Just like Al Amoudi u can insult them all day long since their own money is in stake they will not aboundend and run..
For example American investor coming to Ethiopia the share hold by million investor as soon as the rumour about land grap come to front page… Most investor start selling their share and the share drop… So the billon dollar company in one day might lose every thing…in karuturi case he is the one….it is his money as long as mr. Karuturi believed in the investment the investment will go head… Mind u if karuturi were owned by million investors what karuturi think doesn’t matter… What it matter is what those million investor think the investor doesn’t want lose money so they start selling their share before the price drop… This cause panic and of course the price will drop and karuturi will be bankrupted but not in karuturi case because just like al Amoudi this investors are one man show…. So it doesn’t matter what the whole world think…yes u might slow him down but u can’t shut him down look al Amoudi he is investing like there in no tomorrow…
የወያኔ ካድረዎች በናዝሬት መጥተው ይቀጥፋሉ!!!
የማናውቅ ቢሁን እንዴት በቆጨን
ይወያኔ ሽፍታ ጥርቅም በ አራት ኪሎ ሙስና አያደለባቸው
የ አገራችን መሬት ለውጪ አትራፊዎች ይዳረጋል!!
Patriots must watch this ,to understand how much the Agazi Monsters with their Foreign Looters and bandas are destroying the country as the whole :http://ethsat.com/video/yesamintu-engida/?tubepress_video=JgCr4aLH8Xc&tubepress_page=1 .TPLF Thugs ,Aderby Bandas ,and Opportunist Fool Diasporas Time to SHUT for once and for all your STINKY MOUTH .
Why is only South Ethiopia benefitting from this Mega Indian Farms?
To be fair, some of these farms should be located in Tigray.
They can use irrigation.
“Karuturi leased 100,000 hectares (247,105 acres) in the Gambella region from Ethiopia’s government in November 2010 for 2 million Ethiopian birr ($108,151) a year”
Look how stupid and treasonous the woyanes are!!!! What kind of responsible Ethiopian does this??? Karuturi only paid $108,151 a year but it profited $6.5 million even after 60,000- ton of the crop was destroyed by flood. Karuturi never lied about the good deal they are enjoying in Ethiopia. When they first acquired the land here what the manager of the company said.
“We never saw the land. They gave it to us and we took it. Seriously, we did. We did not even see the land. (Triumphantly cackling laughter) They offered it. That’s all…….It’s very good land. It’s quite cheap. In fact it is very cheap. We have no land like this in India. There [India] you are lucky to get 1% of organic matter in the soil. Here it is more than 5%. We don’t need fertiliser or herbicides. There is absolutely nothing that will not grow on it. To start with there will be 20,000 hectares of oil palm, 15,000 hectares of sugar cane and 40,000 hectares of rice, edible oils and maize and cotton.”
Now this same Indian looter said that Karuturi “has “good support” from senior Ethiopian officials”. This is what he said. Top woyane leaders are in the business of selling our land to Indian looters. The price they are paying is unbelievably low and goes directly to the pockets of these woyane thugs. This is very sad!!!
Is Karuturi Global Ltd. a foreign investor or a land grabber and neocolonialist?
Average price of Farmland per hectare in the world is $150-$350 per year for a five to ten year lease,whereas Karuturi for its farm in Bako(Oromiya) is paying no rent for six years and then only $6 per hectare per year for the remainder of the 50-year lease.In Gambella,Karuturi is paying only $1 per hectare per year.
“The LORD has brought me here to take possession of this land because of my righteousness.” It is not because of your righteousness or your integrity that you are going in to take possession of their land; but on account of the wickedness of these nations.
The Indian make profit of 6.5 million not out of investment of 100,000 dollar but investment of one billion dollars. Do u have one billion dollars and will power to stand all the I sult those Amhara throw at u… The only crime is u invest in Ethiopia.
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