India’s Karuturi to construct sugar factory in EthiopiaDecember 24th, 2011 - 4:14 pm ICT by IANS
Addis Ababa, Dec 24 (IANS) Karuturi Agro Products, a subsidiary of Indian giant Karaturi International, is set to establish a sugarcane factory in Ethiopia.
The factory, with an estimated capacity of crushing 7,000 tonnes of cane a day, is to be built in Ethiopia’s Gambella Regional state.
Some 15,000 hectares of Karuturi land in Gambella will start producing sugarcane in three years, said Assefa Arega, manager of Karuturi’s sugarcane plantation. The company expects the crushing plant to be ready in time for the harvest.
Karuturi is currently undertaking a feasibility study and work on the sugarcane crushing factory, including site identification, supplying and installation, will commence early in 2012.
The sugarcane plantation and the factory will be adjacent to each other, said Assefa.
Karaturi Group is one of the biggest flower exporters in the world and has its farms in Ethiopia and Kenya. Establishing a sugar factory in Ethiopia is expected to return significant economic benefits in terms of domestic demand and also for import, he said.
The Ethiopian Sugar Corporation is to import 300,000 quintals of sugar by February 2012 to fill the supply gap in the country. It is estimated that the sugar, mainly from Brazil and India, will cost Ethiopia $33 million.
Neighbouring countries like Djibouti, Kenya, South Sudan and Somalia rely on imported sugar, according to a local newspaper, and this dependence could reduce once the new factory comes up.
(Groum Abate can be contacted at email@example.com)
- After roses, Bangalore firm to grow foodcrops in Ethiopia - Aug 31, 2011
- Bangalore's Karuturi to fence farms half the size of Addis - Oct 12, 2011
- Indian firm to build sugar mill in Ethiopia - Jul 19, 2011
- Indian investors eye Ethiopian agriculture - Aug 29, 2011
- Ethiopia seeks India's financial muscle for its rail project - Jan 28, 2012
- India helping Ethiopia realise full potential of neem - Jan 05, 2012
- Another Indian horticulture farm to sprout in Ethiopia this year - May 17, 2012
- Indian IT major automating Ethiopian customs system - Dec 30, 2011
- Ethiopia to Indian firms: end dispute or lose contract - Feb 04, 2010
- Delhi firm wins $100 mn Ethiopian sugar factory contract - Aug 02, 2009
- Two Indian publishers win $5.9 mn Ethiopian contracts - Jan 04, 2012
- India, Africa discuss setting up of 80 training institutions - Oct 12, 2011
- As China-built AU centre opens, India focuses on quiet Africa diplomacy (With images) - Jan 30, 2012
- EXIM India to open office in Ethiopia next month - May 25, 2010
- Roses for the world: An Indian success story in Ethiopia - May 29, 2011
Tags: agro products, crushing plant, dec 24, dependence, economic benefits, ethiopia addis ababa, feasibility study, flower exporters, gap, giant, hectares, kenya, neighbouring countries, quintals, regional state, somalia, south sudan, sugar factory, sugarcane plantation, tonnes