Business
CT Group launches dragon fruit orchard in Australia
Vietnamese CT Group plans to create Australia`s largest commercial dragon fruit orchard, with the first farm to take shape in the Northern Territory (NT) this year.
CT signed an agreement with the Northern Territory Government on May 9, paving the way for its plan to grow 10,000ha of dragon fruits in the NT.
Company president Tran Kim Chung said Northern Australia has ideal growing conditions for dragon fruits and the company is pouring an investment of US$100 million in the project.
Northern Territory Minister for Mines and Energy, Hon Willem Westra van Holthe, said the project is expected to provide jobs for an estimated 500 labourers. It will bring about economic benefits for both sides, he added.
Unlike small farms CT is developing in Vietnam, it plans large scale commercial farms to support supply chains, and the NT is a superb place for them to carry out the project.
The company aims to become one of the world’s largest exporters of dragon fruits.
Northern Territory Minister for Mines and Energy, Hon Willem Westra van Holthe, said the project is expected to provide jobs for an estimated 500 labourers. It will bring about economic benefits for both sides, he added.
Unlike small farms CT is developing in Vietnam, it plans large scale commercial farms to support supply chains, and the NT is a superb place for them to carry out the project.
The company aims to become one of the world’s largest exporters of dragon fruits.