Sunday, November 14, 2010

Baro River puts us right into the heart of East Africa, says CEO

Karturi Global ltd. an Indian food processor, plans to exploit East Africa’s market potential by selling crops grown on land leased from Ethiopia’s government within the region, Chief Executive Officer Sai Ramakrishna Karuturi said. The company also sees “large potential” in the Ethiopian palm oil, rice and sugar market. Average annual sugar consumption in the country is 6 kilograms (13.2 pounds) per capita, compared with 30 kilograms internationally. “There are still a lot of Ethiopians who don’t know what sugar tastes like,” Karuturi said., Read more …

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