Foreign land beckons India firms

India figures among the top three countries in the world which have bought or leased land in other countries, which critics liken to a new form of “colonial land grab”. Between 2000 and 2012, Indian firms have acquired almost 7.4 million hectares in 129 separate deals. It acquired these tracts of land for agriculture, forestry for wood or fibre, industries and mineral extraction, including petroleum.

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