Land Matrix, a global land monitoring initiative that tracks land - TopicsExpress

Land Matrix, a global land monitoring initiative that tracks land dealings worldwide, placed India among the top 10 countries that have acquired large tracts of land abroad, primarily for agriculture, in Africa and Asia. The country ranks eighth, next to China, in the list which has US, Malaysia, United Arab Emirates and UK among the top buyers. Of the total 848 deals concluded globally since 2008, 80 involve Indian companies that have invested in 65 deals to grow food grains, sugarcane, oil seeds, tea and flowers. Land Matrix data show 12.89 lakh hectares have been acquired via long term lease or ownership basis in 39 deals by Indian companies.The US tops the list with 71.47 lakh hectares followed by Malaysia (34.58 lakh hectares) and Arab Emirates (28.33 lakh hectares). “Over the last two decades, the net sowing land in India has reduced from 42 million hectares to 40 million hectares. We lost agriculture land to real estate and industry and there is no scope to increase net sowing land,” said Professor Vijay Paul Sharma, centre for management in agriculture at the IIM-Ahmedabad. “Land grabbing is a new form of colonialism that has intensified in the last four years. A few major environmental and societal issues are emerging as a result of land and water grabbing. Some of the countries affected by land grabbing exhibit relatively high levels of malnourishment,” said the paper, adding the cost of grabbing land may be lower than acquiring land in the home country. The study showed that foreign land acquisition involves 62 countries that gave away land and 41 that acquired it. Africa and Asia account for 47% and 33% of the global grabbed area respectively with about 90% of the land located in 24 countries.

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