Industrially vital Castor plant continues to expand its geographical horizon in Asiatic agro zones with business proposals to develop from it a stable supply chain for demands and sustainability. It can be exemplified from Cambodia where a 10 year business development plan to establishment a firm called “Adalidda Castor”, the first of its type, will be operating on integrated supply chain aspects of Castor cultivation and oil extraction etc. Project developers have indicated that the cost for establishment of firm would be US$ 16 million and initiatives include castor cultivation on 20,000 hectares of land, oil processing and contact farming with locals. This Castor project is a joint venture between a consultancy in Cambodia and a venture capital company according to sources and execution of it would be made in two phases.
It is exciting to note that “Adalidda Castor” project has provisions for crop management by software systems and optimistic developers of the study say that benefits could be reaped through direct employment for 719 people, revenues for 20,000 households in contract farming, capacity building for farm workers and their families through education and medical facilities, apart from principal investors and other stakeholders’ advantages in the supply chain.
For reference: http://www.ongreen.com/sites/ongreen.com/files/business_plan-adalidda_castort-january_2012.pdf