Mon, Dec 22, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Karuturi Global to borrow from sovereign fund for its Ethiopian investment

Posted on 05 April 2013

Indian based Karuturi Global Ltd., the world’s largest rose grower, sold its firs produce from its plantation in Ethiopia. The company is also going to solicit funding from sovereign wealth fund for further investment in East Africa.
Karuturi has produced more that 20,000 metric tons of corn in the last quarter of 2012 that sold for USD 6.5 million in Ethiopia, Sai Ramakrishna Karuturi, Managing Director told Bloomberg. The harvest from 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………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15434 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031