Indian farmers look to reap rich gains in Madagascar
- Economic Times
- 05 January 2011
Madagascar is drawing farmer-entrepreneurs in large numbers from India’s breadbasket, Punjab and Haryana.
Madagascar is drawing farmer-entrepreneurs in large numbers from India’s breadbasket, Punjab and Haryana.
The Diaspora is just airing the voice of the voiceless Ethiopians for those who are on a land bonanza to stop hurting our people. There is a great danger coming. When? No one knows but it is coming.
In Kilombero District, Tanzania large swathes of land are being earmarked for large-scale rice production.
"Indian law does not allow foreign companies to buy land and therefore Omani companies can enter into a contract farming relationship," says senior Indian government official.
Some Danish farmland investors are quitting the UK after seeing land prices rise here and tumble at home over the past few years.
Indian businessman also has major stakes in farmland investors Ruchi Soya, KS Oils and Equitorial Palm Oil.
The government will act as a facilitator for private industry to buy land abroad to grow pulses, says India's Agriculture Minister.
“We have huge land sizes and lot of opportunities. We would like India to come and invest in our country. We will provide land on 90-year lease, security, power and easy bank credit besides simplifying norms,” said Afghanistan Agriculture Minister Mohd Asif Rahimi
Indian company signs an MoU with Zambia Development Agency to facilitate the acquisition of 100,000 hectares of land for agricultural development in Zambia.
Bloqué par des difficultés d’acquisition de terres en Inde, le groupe Karuturi s’est tourné vers l’Afrique et a acheté ses premières parcelles en Éthiopie en 2004. Depuis, ses revenus ont été multipliés par onze, pour atteindre plus de 110 millions de dollars.
Not surprisingly, the backlash from people in Africa against Indian farmland investments has begun.
Neha sold off its farm in Pune and shifted operations to ethiopia where it has lands for floriculture and food grains.
3000ha oil palm plantation to create 5,000 jobs in Edo
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"It's the bad apples that do this"
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