The victim of colonisation yesterday has become today's coloniser. In its new avatar as an economic superpower, India has joined the neo-colonial race to capture land in poor nations in an attempt to outsource food and energy production. Additionally, private investors have discovered foreign farmland as a new source of profit.
These land acquisitions (more accurately labelled land grabs) have the blessings of the Indian government. Through direct and indirect facilitation, the government is encouraging 21st century versions of the British East India Company, the soft economic face that created the wedge for the full might of the British empire to occupy India for nearly two centuries. The helpful measures include financial assistance to make agricultural products for export to India, and schemes like ‘Duty Free Tariff Preference Scheme', under which Ethiopian agro-products can enter India on lower tariffs. Not surprisingly then, Indian companies are buying up hundreds of thousands of hectares of fertile land abroad.
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