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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


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