Hassad to produce rice abroad for Qatar market
- Peninsula
- 07 July 2010
State-backed food producing and marketing giant, Hassad Food Company, has plans to produce rice in India, Pakistan, the Philippines and Vietnam.
State-backed food producing and marketing giant, Hassad Food Company, has plans to produce rice in India, Pakistan, the Philippines and Vietnam.
Dr S. Ayyappan, Director-General of the Indian Council for Agricultural Research (ICAR), calls on Indians to rent farmland in Ethiopia to produce pulses for export to India.
The Addis government shows scant regard for the potential local impact of massive Indian investment in floriculture and biofuels.
Sai R Karuturi, founder and MD of Karuturi Global, says the company has acquired a very large piece of land in Ethiopia and has started agricultural production from it.
The Indian government is encouraging private companies to shop for land in countries like Canada, Myanmar, Australia and Argentina to grow crops under long-term supply contracts.
Indian tea companies, among others, are making a beeline to acquire estates in Africa. And the government is facilitating their hunt for good deals.
"A large [Indian] agri-export company is already in advanced stages of discussions with the Paraguayan government and may announce its foray into the country shortly” says Paraguay’s ambassador in New Delhi,
Joint venture with the India/UAE Allana Group acquires 20,000 head of cattle owned by Felda and gains access to over 850,000 hectares of oil palm land.
"Personally, I believe that in five years or in ten years time I would like to be seen and compared with peers such as Cargill or the Archer Daniels of the world or the Bunges of the world."
Hassad Food Company intends to invest $500mn to $700mn this year for projects across the world as part of its mission to ensure food security for Qatar, chairman and managing director Nasser bin Mohamed Mubarak al-Fuhaid al-Hajri has said.
An increasing number of Indian companies are expected to use Singapore as a springboard for their global operations, including overseas farmland investments
Since the land acquisition will be by private parties only, the chances of such purchase becoming a political issue are remote, officials feel.
100,000 hectares for Central rice projects
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Les fermes géantes vont se multiplier dans nos campagnes
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