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Why Do Ethiopians Want to See Karuturi Fail?

Karuturi-ethiopia
“I have invented and discovered commercial farming in Ethiopia…. [but] Why does everybody here wants me to fail? …. Touch me, then you will see the power of India… The irony is, if the project succeeds it benefits Ethiopia but if it fails it harms nobody but Karuturi.” – Sai Ramakrishna Karuturi, founder and managing director of Karuturi Global Ltd.
By Birhanu Fikade | for The Reporter,

Sai Ramakrishna Karuturi, founder and managing director of Karuturi Global Ltd, claims that he is the person who introduced commercial farming in Ethiopia. However, his performance has been disappointing, he admits. He is having a troubled time in relation to settling bank loans.

The following is an exclusive interview The Reporter has conducted with Karuturi where he candidly and boldly argues on the insurmountable challenges he has been forced to face in his operations here in Ethiopia starting from land acquisition procedures to financing mechanisms: Excerpts:  Continue reading Why Do Ethiopians Want to See Karuturi Fail?