Karuturi is India's largest floriculturist company + the company has a strong foothold in Africa + growing roses in Africa is a good deal due to suitable climate, cheap farmland and labour costs, and advantages in trading with the US + European Union, the primary markets for roses in the world + African countries need not pay any duty for exporting roses to Europe + Karuturi Networks was already the largest exporter of roses from Ethopia and has the biggest greenhouse in Ethopia for roses + in 2007, it acquired Dutch floriculture major Sher Agencies, which owns large farm land in Kenya + the global floriculture market is estimated to be $80 billion + Karuturi has ambitious plans to come up with greenfield projects in Vietnam and Cambodia to get a stronger foothold in the Asian markets.
Useful links:
www.karuturi.com
www.rosebazaar.com
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