Coming Up Roses

Raghunathan, Anuradha
April 2009
Forbes Asia;4/27/2009, Vol. 5 Issue 7, p18
The article focuses on how Ramakrishna Karuturi, owner of rose exporting firm Karuturi Global, setup his business in Africa to become the largest grower of cut roses in the world. Karuturi realized that he could not expand his rose business in India, so in 2004 he set up greenhouses on 25 acres in Ethiopia and began growing roses in Africa. Karuturi Global's revenue has soared from $1.2 million for the year ended in March 2004 to $100 million for fiscal 2008.


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