Indian citizen, 47 year old, is one of the key promoters of this group of industries who has been working in Uganda since 2002 and has taken over cotton ginnery operation in the Teso region namely C. N. Cotton Ltd at Kachumbala in Kumi district.
The company is exporting cotton and also selling cotton seed in local market. Mr. Karanmal is having rich personal finance experience for the trading and shroff financial activities also.
He has tremendous capacity to raise and mobilise the required finance and he is the key investor in the Company.
His big and diversified business as follow:
- Promoter of M/s. C.N. COTTON LIMITED - which has 2 Ginneries, in Kumi District of Uganda and is into cotton ginning. The market network is spread over to local and international market since 2002.
- Also a Promoter of M/s. KUMI COTTON LIMITED – which has 2 Ginneries in Kumi District of Uganda dealing in cotton ginning and the market network is spread over to local and international market since 2005.
- He is the key investor of M/s. MODERN STEEL INTERNATIONAL LTD - which is into manufacturing of iron bars.
- Also a Promoter of M/s. KAMA RESORTS LTD the company is planning to start a 5 Star Resort shortly.