Fontana Flowers Plc, the largest Indian based horticulture company will begin operation of its horticulture farm in Ethiopia at the cost of 11 million dollars.
The company has leased a 100 ha land at Wenjeta and Wegelta kebeles 20 Km from Bahir Dar in the Amhara Regional State. Currently Fontana, which has hired 1,300 employees, is clearing land for growing roses and for warehouse construction. The company will exclusively grow different cut rose varieties. It will first start growing on 65 ha, with a target revenue of 95.9 million US$ a year.
The flowers will be exported directly from the Bahir Dar airport, which, in its recent restructuring, has added cold storerooms, said Mekonen Hailu, of the Ethiopian Horticulture Development Agency (EHDA).
