Indian companies venturing abroad is always regarded as a healthy trend, an indicator of India's new-found economic status. But little is known about how these companies are flexing their imperalistic muscles in poorer countries, grabbing the land and giving little in return. A report ‘India’s Role in the New Global Farmland Grab’ by researcher Rick Rowden brings forth these atrocities which are shockingly similar to what India used to blame rich western countires for.
Joiing the race with China, Saudi Arabia, Kuwait, South Korea and the European Union, Indian and Indian-owned companies are acquiring land in Africa at throwaway prices, indulging in enviornmental damange and exporting the food while locals continue to starve. The origin of this unhealthy practice can be traced back to the food crisis of 2008 when rich countries were forced to confront the reality of how fragile the global food scenario can be, especially for those without sufficient cultivable land. To ensure more direct control over food, these countries started acquiring land in poorer African countries and shipping the produce back home. A recent World Bank report found that 45 million hectares of large scale farmland deals had been announced between 2008 and 2009.
The initial support to such forays was based on the belief that the world is facing scarce food supply because of long-term under-investment in the agricultural sectors of many developing countries. However, as stressed by the United Nations Special Rapporteur on the Right to Food, "the diagnosis and remedy are incorrect…Hunger and malnutrition are not primarily the result of insufficient food production; they are the result of poverty and inequality, particularly in rural areas, where 75 per cent of the world’s poor still reside.” Full story...
Don't miss:
Joiing the race with China, Saudi Arabia, Kuwait, South Korea and the European Union, Indian and Indian-owned companies are acquiring land in Africa at throwaway prices, indulging in enviornmental damange and exporting the food while locals continue to starve. The origin of this unhealthy practice can be traced back to the food crisis of 2008 when rich countries were forced to confront the reality of how fragile the global food scenario can be, especially for those without sufficient cultivable land. To ensure more direct control over food, these countries started acquiring land in poorer African countries and shipping the produce back home. A recent World Bank report found that 45 million hectares of large scale farmland deals had been announced between 2008 and 2009.
The initial support to such forays was based on the belief that the world is facing scarce food supply because of long-term under-investment in the agricultural sectors of many developing countries. However, as stressed by the United Nations Special Rapporteur on the Right to Food, "the diagnosis and remedy are incorrect…Hunger and malnutrition are not primarily the result of insufficient food production; they are the result of poverty and inequality, particularly in rural areas, where 75 per cent of the world’s poor still reside.” Full story...
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