By William Davison
(Bloomberg) — Karuturi Global Ltd., the world’s largest rose grower,
is seeking $100 million from development banks to finance a sugar-cane plantation in southwestern Ethiopia, Chief Executive Officer Sai Ramakrishna Karuturi said.
The Bangalore-based company leased 100,000 hectares (247,105 acres) in
the Gambella region from Ethiopia’s government in 2008 to farm corn,
rice, palm oil, sugar and other crops. It’s now growing rice and corn on
12,000 hectares “We believe we have reached that level of traction and scale that would be appropriate for a development financial institution to look at,” Karuturi said in a June 7 interview.








