DIVERSIFIED Indian agribusiness, Harrisons Malayalam, has confirmed it is in talks with Ethiopian officials over leasing land to develop plantations. Responding to reports that the rubber and tea giant was looking to lease land for 99 years at a cost of $1 an acre, Pankaj Kapoor, managing director at Harrisons, told the Hindu Business Line: "We are in touch (with Ethiopia). We are looking at it closely and have plans for large plantations." This would continue a trend of Indian agribusinesses such as Karuturi Global, Emami, McLeod Russel, Ruchi, Godrej and KS Oils seeking land in Africa and other parts of Asia to produce agricultural commodities ranging from tea to palm... Read More