Encanto Potash Corp V.EPO.H

India likes Ethiopia. Canada no.

[Bob_Ten]

(POT)

May 25, 2011

Chief Pulse Comment by William J Doyle

Bill Doyle, the chief executive of Potash Corp of Saskatchewan Inc., said he doubted there would be a long term potash boycott from India.more

If [the producers] don't agree, then we have no intention of buying potash," Mr. Awasthi said. Bill Doyle, the chief executive of Potash Corp of Saskatchewan Inc., said he doubted there would be a long term potash boycott from India.


May 25, 2011 12:51 PM AT

Investment by Indian companies inEthiopia may more than double to $10 billion by 2015, helpingthe Horn of Africa nation end its dependence of food aid,Ethiopian Prime Minister Meles Zenawi said.

About 400 Indian firms have invested $4.7 billion, whiletrade between the two nations stands at $660 million and shouldrise to $1 billion in 2015, Meles told a press conference todaywith Indian Prime Minister Manmohan Singh.

“I’m convinced these are conservative figures,” Melessaid in Addis Ababa, the capital.

Indian companies are investing in textiles, mining,leather, agriculture, agro-processing and infrastructure,according to Meles. Projects include Bangalore-based KaruturiGlobal Ltd. (KARG)’s development of 100,000 hectares (247,105 acres) ofland in the western region of Gambella to grow and processsugar, rice, palm oil and cereals.