Arabian Delights
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24/05/2011
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Outlook (New Delhi)
Foreign firms are coming to farm in IndiaThat Indian firms, some of them backed by the government, have gone scouting for land abroad to farm crops for consumption back home is well-known. Reversing the trend, now many Gulf countries are getting a toehold in India that will allow them to farm here and export the food back. A Bahraini firm, the Nader & Ebrahim Group (NEG), recently tied up with Pune-based Sanghar Group to do exactly that. Countries in the Gulf region, extremely deficient on arable land, are looking abroad to grow their food. India is where many are headed.
Beginning with bananas (India is the largest producer), Sanghar has contracted farmers to grow the crop on their land