Harrisons Malayalam Ltd, one of India's largest rubber and tea producers, plans to invest millions of dollars acquiring plantations both in India and abroad over a period of the next few years, taking advantage of the current depreciation of Asian currencies to expand its business, according to P. Rajgopalan, president of the company. Harrisons plans to buy rubber plantations in Kalimantan, Indonesia, having recently abandoned a us $40 million joint venture with the Vietnamese military. Scarcity of fresh parcels of land in India is driving the company to buy-up plantations abroad, Rajgopalan said.
We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together.
Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.