In August this year, I moved to Ethiopia to cover the growth of Indian investment in Africa. As many of our readers may know, a flurry of reports by groups like Human Rights Watch and the Oakland Institute have implicated Indian companies in what they call “land grab” in Africa. While it is too early for me to pronounce any sort of verdict on the modalities and support for large-scale land investments in Ethiopia and elsewhere in the continent; one of my early reports suggests that things havent quite worked out as some Indian companies expected.
Indian companies which invested in controversial deals involving hundreds of thousands of acres of land in Ethiopia have found themselves out of their depth in a fast-growing African economy that is still in the process of building critical transport and irrigation networks.
Documents related to one such transaction reveal how Emami Biotech, a subsidiary of the Rs.2,200-crore Emami Group, pulled out of a Rs. 400-crore, 40,000-hectare, bio-fuel plantation only a year after the project was announced.
Indian companies are the second largest investors in the Ethiopian economy with approved investments worth nearly $5 billion.
While a majority of the businesses are small manufacturing and trading enterprises run by business families long settled in East Africa, the big money has come with the recent entry of large Indian investors.
A number of Indian companies have signed agreements to lease more than 4,40,000 hectares of land across Ethiopia, 1,00,000 hectares of which has been granted to a single Bangalore-based company, Karuturi Global Ltd. International. Rights organisations and NGOs have characterised the deals as instances of land grab and have accused the government of forcibly resettling pastoral communities.




My childhood memories are so deeply intertwined with mango eating that it is difficult to separate the two. One reason for this is probably because the season of mangoes and the summer breaks in school coincided. We took our last exam and the schools closed their doors, to reopen after two and a half months. Educationists had not yet discovered Holiday Homework, the Summer Break torture, For parents and children and the summer vacations were an unmitigated joy. Those days we stayed at Aligarh, and every year we travelled to Delhi to spend time with our aunts and uncles, all cousins of our father.