It plans to grow tomatoes,cereal crops , fresh vegetables, palm oil and sugarcane in various african countries various it has been alloted land.
Company has around 600 acres of land for cultivation of roses.
It has acquired 7,65,000 acres of agriculture land for culivation and also has 239 hectares of land in Kenya and Eithopia for rose cultivation . It is worthy to note that mammoth land makes this company largest land bank owner in the work.
By 2010 it plans to produce 1 billion stems of roses.
It can reach Rs100 in 3 years time considering the growth plans
Overview from company's website.
Incorporated in 1994, Karuturi Global is today the largest producer of cut roses in the world, with are area of over 239 hectares under Greenhouse cultivation and an annual production capacity of around 555 million stems.
An integrated production model encompassing in-house plantation, cultivation and distribution capabilities coupled with a series of green initiatives make us one of the lowest cost producer of cut roses in the world. Almost our entire produce is exported to high-value markets such as Holland, Germany, United Kingdom, Italy, Singapore, Hong Kong, Taiwan, Bahrain, Muscat, Dubai, Australia, Japan, New Zealand, Brunei and North America, with a small portion sold in India.
Having established our strong presence in floriculture, we now aim to broad base our portfolio into a larger agri-produce basket. The acquisition of large tracts of land in Ethiopia has set the stage for us to evolve into an end-to-end agri-focused company.
Equipped with a robust and de-risked business model, Karuturi Global’s other fast-growing business realms are food processing, floriculture retail including a flower auction portal and information technology.
Company Website : http://www.karuturi.com
1 comments:
The ag business is a great business companies like Karuturi are excellent stocks to consider investing in.
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