Passing through turbulent years in Ethiopia, Karuturi Agro Products PLC – a subsidiary of the Indian based Karuturi Global Ltd (KGL) – said it is about to recommence the troubled commercial farms he was forced to abandon in Ethiopia, last year. Sai Ramakrishna Karuturi aka Ram Karuturi, Chief Executive Officer of KGL, told The Reporter that the company has now dropped all court cases it claimed against the government of Ethiopia and is planning to start fresh in all four farms it used to hold, since 2004. “We are withdrawing our case against the government and the government is signing a fresh lease for 25,000 hectares,” Karuturi wrote in reply to the questions forwarded by The Reporter via text message. Asked whether he means to forgo the previous 100,000 hectares of farm land he used to own in Gambela Regional State, Karuturi answered: “[It’s] a win-win compromise. Cultivating 200 hectares of flower farms in Kenya, Karuturi claims to provide 2,200 jobs in the eastern African country.

Source: Ethiopian News April 21, 2018 06:22 UTC