Wednesday , October 20 2021

Karuturi Global’s arm receives 15,000 hectares of land for agricultural activities

Karuturi Global’s (KGL) subsidiary — Karuturi Agro Products Plc. has been granted 15,000 hectares of land for agricultural activities. Earlier in October 2017, the company had been conducted land lease agreement in Gambella people’s National Regional State Etang special and Gikawo woreda in particular on land plot having size of 100,000 hectare however due to various reasons the company has not be able to undertake the investment based on the lease agreement and thus warning has been issued to the company in various occasions as a result of which measure has been taken to cancel the contract only by assigning 1200 hectares that the company has used for Development and Investment activities.

Karuturi Global is the largest producer of cut roses in the world, with are area of over 292 hectares under Greenhouse cultivation and an annual production capacity of around 555 million stems.

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