Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea2bfc8f583-trace').style.display = (document.getElementById('cakeErr67ea2bfc8f583-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ea2bfc8f583-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea2bfc8f583-code').style.display = (document.getElementById('cakeErr67ea2bfc8f583-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea2bfc8f583-context').style.display = (document.getElementById('cakeErr67ea2bfc8f583-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ea2bfc8f583-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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		&#039;title&#039; =&gt; &#039;Food Security: Government mulls private purchase of farm land abroad by Dheeraj Tiwari &amp;amp; Rituraj Tiwari&#039;,
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The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;
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The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&amp;nbsp;
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Agriculture secretary PK Basu said that the proposal is in a nascent stage. &amp;quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&amp;quot; he said without revealing if a concrete proposal is under consideration.&amp;nbsp;
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However, another senior government official confirmed that the proposal had made progress. &amp;quot;The government may set up a separate cell to facilitate transactions,&amp;quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&amp;nbsp;
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&amp;quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&amp;quot; the official said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&amp;nbsp;
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&lt;br /&gt;
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After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&amp;nbsp;
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&lt;br /&gt;
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In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&amp;nbsp;
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&amp;quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&amp;quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &amp;quot;This has to be handled delicately,&amp;quot; he added,&amp;nbsp;
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&lt;br /&gt;
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Yes Bank&#039;s vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&amp;nbsp;
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&lt;br /&gt;
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&amp;quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&amp;quot; he said. The bank has so far advised four to five firms for such deals abroad.&amp;nbsp;
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&lt;br /&gt;
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BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &amp;quot;We are buying land in Uruguay,&amp;quot; he said.&amp;nbsp;
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The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&amp;nbsp;
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India is dependent on imports for nearly half of its edible oil needs. India&#039;s vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&amp;nbsp;
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A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.
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		&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 5 March, 2012, http://economictimes.indiatimes.com/news/economy/agriculture/food-security-government-mulls-private-purchase-of-farm-land-abroad/articleshow/12140005.cms&#039;,
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The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;





The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Agriculture secretary PK Basu said that the proposal is in a nascent stage. &amp;quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&amp;quot; he said without revealing if a concrete proposal is under consideration.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, another senior government official confirmed that the proposal had made progress. &amp;quot;The government may set up a separate cell to facilitate transactions,&amp;quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&amp;quot; the official said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&amp;quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &amp;quot;This has to be handled delicately,&amp;quot; he added,&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Yes Bank&#039;s vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&amp;quot; he said. The bank has so far advised four to five firms for such deals abroad.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &amp;quot;We are buying land in Uruguay,&amp;quot; he said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India is dependent on imports for nearly half of its edible oil needs. India&#039;s vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Agriculture secretary PK Basu said that the proposal is in a nascent stage. &amp;quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&amp;quot; he said without revealing if a concrete proposal is under consideration.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, another senior government official confirmed that the proposal had made progress. &amp;quot;The government may set up a separate cell to facilitate transactions,&amp;quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&amp;quot; the official said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&amp;quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &amp;quot;This has to be handled delicately,&amp;quot; he added,&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Yes Bank&#039;s vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&amp;quot; he said. The bank has so far advised four to five firms for such deals abroad.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &amp;quot;We are buying land in Uruguay,&amp;quot; he said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
India is dependent on imports for nearly half of its edible oil needs. India&#039;s vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.
&lt;/div&gt;
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The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;





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$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Agriculture secretary PK Basu said that the proposal is in a nascent stage. &amp;quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&amp;quot; he said without revealing if a concrete proposal is under consideration.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, another senior government official confirmed that the proposal had made progress. &amp;quot;The government may set up a separate cell to facilitate transactions,&amp;quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&amp;quot; the official said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&amp;quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &amp;quot;This has to be handled delicately,&amp;quot; he added,&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Yes Bank&#039;s vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&amp;quot; he said. The bank has so far advised four to five firms for such deals abroad.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &amp;quot;We are buying land in Uruguay,&amp;quot; he said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India is dependent on imports for nearly half of its edible oil needs. India&#039;s vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&nbsp;





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                <strong>Food Security: Government mulls private purchase of farm land abroad by Dheeraj Tiwari &amp; Rituraj Tiwari</strong></h1>
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                <div style="text-align: justify"><br /></div><div style="text-align: justify">The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc's acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Agriculture secretary PK Basu said that the proposal is in a nascent stage. &quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&quot; he said without revealing if a concrete proposal is under consideration.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, another senior government official confirmed that the proposal had made progress. &quot;The government may set up a separate cell to facilitate transactions,&quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&quot; the official said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &quot;This has to be handled delicately,&quot; he added,&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Yes Bank's vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&quot; he said. The bank has so far advised four to five firms for such deals abroad.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &quot;We are buying land in Uruguay,&quot; he said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India is dependent on imports for nearly half of its edible oil needs. India's vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.</div><div style="text-align: justify"><br /></div>               </font>
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The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;
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The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&amp;nbsp;
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Agriculture secretary PK Basu said that the proposal is in a nascent stage. &amp;quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&amp;quot; he said without revealing if a concrete proposal is under consideration.&amp;nbsp;
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However, another senior government official confirmed that the proposal had made progress. &amp;quot;The government may set up a separate cell to facilitate transactions,&amp;quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&amp;nbsp;
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&amp;quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&amp;quot; the official said.&amp;nbsp;
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India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&amp;nbsp;
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After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&amp;nbsp;
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In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&amp;quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &amp;quot;This has to be handled delicately,&amp;quot; he added,&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Yes Bank&#039;s vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&amp;quot; he said. The bank has so far advised four to five firms for such deals abroad.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &amp;quot;We are buying land in Uruguay,&amp;quot; he said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
India is dependent on imports for nearly half of its edible oil needs. India&#039;s vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 5 March, 2012, http://economictimes.indiatimes.com/news/economy/agriculture/food-security-government-mulls-private-purchase-of-farm-land-abroad/articleshow/12140005.cms&#039;,
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The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;





The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Agriculture secretary PK Basu said that the proposal is in a nascent stage. &amp;quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&amp;quot; he said without revealing if a concrete proposal is under consideration.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, another senior government official confirmed that the proposal had made progress. &amp;quot;The government may set up a separate cell to facilitate transactions,&amp;quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&amp;quot; the official said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&amp;quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &amp;quot;This has to be handled delicately,&amp;quot; he added,&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Yes Bank&#039;s vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&amp;quot; he said. The bank has so far advised four to five firms for such deals abroad.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &amp;quot;We are buying land in Uruguay,&amp;quot; he said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India is dependent on imports for nearly half of its edible oil needs. India&#039;s vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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	&#039;id&#039; =&gt; (int) 13359,
	&#039;title&#039; =&gt; &#039;Food Security: Government mulls private purchase of farm land abroad by Dheeraj Tiwari &amp;amp; Rituraj Tiwari&#039;,
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&lt;div style=&quot;text-align: justify&quot;&gt;
The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Agriculture secretary PK Basu said that the proposal is in a nascent stage. &amp;quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&amp;quot; he said without revealing if a concrete proposal is under consideration.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, another senior government official confirmed that the proposal had made progress. &amp;quot;The government may set up a separate cell to facilitate transactions,&amp;quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&amp;quot; the official said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&amp;quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &amp;quot;This has to be handled delicately,&amp;quot; he added,&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Yes Bank&#039;s vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&amp;quot; he said. The bank has so far advised four to five firms for such deals abroad.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &amp;quot;We are buying land in Uruguay,&amp;quot; he said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
India is dependent on imports for nearly half of its edible oil needs. India&#039;s vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Economic Times, 5 March, 2012, http://economictimes.indiatimes.com/news/economy/agriculture/food-security-government-mulls-private-purchase-of-farm-land-abroad/articleshow/12140005.cms&#039;,
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The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;





The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Agriculture secretary PK Basu said that the proposal is in a nascent stage. &amp;quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&amp;quot; he said without revealing if a concrete proposal is under consideration.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, another senior government official confirmed that the proposal had made progress. &amp;quot;The government may set up a separate cell to facilitate transactions,&amp;quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&amp;quot; the official said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&amp;quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &amp;quot;This has to be handled delicately,&amp;quot; he added,&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Yes Bank&#039;s vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&amp;quot; he said. The bank has so far advised four to five firms for such deals abroad.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &amp;quot;We are buying land in Uruguay,&amp;quot; he said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India is dependent on imports for nearly half of its edible oil needs. India&#039;s vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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                <strong>Food Security: Government mulls private purchase of farm land abroad by Dheeraj Tiwari &amp; Rituraj Tiwari</strong></h1>
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                <div style="text-align: justify"><br /></div><div style="text-align: justify">The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc's acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Agriculture secretary PK Basu said that the proposal is in a nascent stage. &quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&quot; he said without revealing if a concrete proposal is under consideration.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, another senior government official confirmed that the proposal had made progress. &quot;The government may set up a separate cell to facilitate transactions,&quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&quot; the official said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &quot;This has to be handled delicately,&quot; he added,&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Yes Bank's vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&quot; he said. The bank has so far advised four to five firms for such deals abroad.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &quot;We are buying land in Uruguay,&quot; he said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India is dependent on imports for nearly half of its edible oil needs. India's vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.</div><div style="text-align: justify"><br /></div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea2bfc8f583-trace').style.display = (document.getElementById('cakeErr67ea2bfc8f583-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ea2bfc8f583-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea2bfc8f583-code').style.display = (document.getElementById('cakeErr67ea2bfc8f583-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea2bfc8f583-context').style.display = (document.getElementById('cakeErr67ea2bfc8f583-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ea2bfc8f583-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;
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The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&amp;nbsp;
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Agriculture secretary PK Basu said that the proposal is in a nascent stage. &amp;quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&amp;quot; he said without revealing if a concrete proposal is under consideration.&amp;nbsp;
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However, another senior government official confirmed that the proposal had made progress. &amp;quot;The government may set up a separate cell to facilitate transactions,&amp;quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&amp;nbsp;
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&amp;quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&amp;quot; the official said.&amp;nbsp;
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India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&amp;nbsp;
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After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&amp;nbsp;
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In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&amp;nbsp;
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&amp;quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&amp;quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &amp;quot;This has to be handled delicately,&amp;quot; he added,&amp;nbsp;
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Yes Bank&#039;s vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&amp;nbsp;
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&amp;quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&amp;quot; he said. The bank has so far advised four to five firms for such deals abroad.&amp;nbsp;
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BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &amp;quot;We are buying land in Uruguay,&amp;quot; he said.&amp;nbsp;
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The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&amp;nbsp;
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A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.
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The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;





The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Agriculture secretary PK Basu said that the proposal is in a nascent stage. &amp;quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&amp;quot; he said without revealing if a concrete proposal is under consideration.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, another senior government official confirmed that the proposal had made progress. &amp;quot;The government may set up a separate cell to facilitate transactions,&amp;quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&amp;quot; the official said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&amp;quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &amp;quot;This has to be handled delicately,&amp;quot; he added,&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Yes Bank&#039;s vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&amp;quot; he said. The bank has so far advised four to five firms for such deals abroad.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &amp;quot;We are buying land in Uruguay,&amp;quot; he said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India is dependent on imports for nearly half of its edible oil needs. India&#039;s vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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	&#039;title&#039; =&gt; &#039;Food Security: Government mulls private purchase of farm land abroad by Dheeraj Tiwari &amp;amp; Rituraj Tiwari&#039;,
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The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Agriculture secretary PK Basu said that the proposal is in a nascent stage. &amp;quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&amp;quot; he said without revealing if a concrete proposal is under consideration.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, another senior government official confirmed that the proposal had made progress. &amp;quot;The government may set up a separate cell to facilitate transactions,&amp;quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&amp;quot; the official said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&amp;quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &amp;quot;This has to be handled delicately,&amp;quot; he added,&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Yes Bank&#039;s vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&amp;quot; he said. The bank has so far advised four to five firms for such deals abroad.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &amp;quot;We are buying land in Uruguay,&amp;quot; he said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
India is dependent on imports for nearly half of its edible oil needs. India&#039;s vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
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The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;





The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc&#039;s acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Agriculture secretary PK Basu said that the proposal is in a nascent stage. &amp;quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&amp;quot; he said without revealing if a concrete proposal is under consideration.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, another senior government official confirmed that the proposal had made progress. &amp;quot;The government may set up a separate cell to facilitate transactions,&amp;quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&amp;quot; the official said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&amp;quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &amp;quot;This has to be handled delicately,&amp;quot; he added,&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Yes Bank&#039;s vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&amp;quot; he said. The bank has so far advised four to five firms for such deals abroad.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &amp;quot;We are buying land in Uruguay,&amp;quot; he said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India is dependent on imports for nearly half of its edible oil needs. India&#039;s vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&nbsp;





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                <strong>Food Security: Government mulls private purchase of farm land abroad by Dheeraj Tiwari &amp; Rituraj Tiwari</strong></h1>
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                <div style="text-align: justify"><br /></div><div style="text-align: justify">The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc's acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Agriculture secretary PK Basu said that the proposal is in a nascent stage. &quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&quot; he said without revealing if a concrete proposal is under consideration.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, another senior government official confirmed that the proposal had made progress. &quot;The government may set up a separate cell to facilitate transactions,&quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&quot; the official said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &quot;This has to be handled delicately,&quot; he added,&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Yes Bank's vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&quot; he said. The bank has so far advised four to five firms for such deals abroad.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &quot;We are buying land in Uruguay,&quot; he said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India is dependent on imports for nearly half of its edible oil needs. India's vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.</div><div style="text-align: justify"><br /></div>               </font>
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The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&nbsp;
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The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc's acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&nbsp;
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<div style="text-align: justify">
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Agriculture secretary PK Basu said that the proposal is in a nascent stage. &quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&quot; he said without revealing if a concrete proposal is under consideration.&nbsp;
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However, another senior government official confirmed that the proposal had made progress. &quot;The government may set up a separate cell to facilitate transactions,&quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&nbsp;
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<br />
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&quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&quot; the official said.&nbsp;
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<br />
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India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&nbsp;
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<br />
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After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&nbsp;
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In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&nbsp;
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&quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &quot;This has to be handled delicately,&quot; he added,&nbsp;
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Yes Bank's vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&nbsp;
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&quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&quot; he said. The bank has so far advised four to five firms for such deals abroad.&nbsp;
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<br />
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BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &quot;We are buying land in Uruguay,&quot; he said.&nbsp;
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<br />
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The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&nbsp;
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India is dependent on imports for nearly half of its edible oil needs. India's vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&nbsp;
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A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.
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	'title' => 'Food Security: Government mulls private purchase of farm land abroad by Dheeraj Tiwari &amp; Rituraj Tiwari',
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<br />
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The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc's acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Agriculture secretary PK Basu said that the proposal is in a nascent stage. &quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&quot; he said without revealing if a concrete proposal is under consideration.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
However, another senior government official confirmed that the proposal had made progress. &quot;The government may set up a separate cell to facilitate transactions,&quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&quot; the official said.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &quot;This has to be handled delicately,&quot; he added,&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Yes Bank's vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&quot; he said. The bank has so far advised four to five firms for such deals abroad.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &quot;We are buying land in Uruguay,&quot; he said.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
India is dependent on imports for nearly half of its edible oil needs. India's vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.
</div>
<div style="text-align: justify">
<br />
</div>',
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The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&nbsp;





The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc's...'
$disp = '<div style="text-align: justify"><br /></div><div style="text-align: justify">The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc's acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Agriculture secretary PK Basu said that the proposal is in a nascent stage. &quot;We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not,&quot; he said without revealing if a concrete proposal is under consideration.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, another senior government official confirmed that the proposal had made progress. &quot;The government may set up a separate cell to facilitate transactions,&quot; he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore,&quot; the official said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing,&quot; said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. &quot;This has to be handled delicately,&quot; he added,&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Yes Bank's vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;If there is some kind of government support to private firms, banks will also provide lending support at easier terms,&quot; he said. The bank has so far advised four to five firms for such deals abroad.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. &quot;We are buying land in Uruguay,&quot; he said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India is dependent on imports for nearly half of its edible oil needs. India's vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.</div><div style="text-align: justify"><br /></div>'
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Food Security: Government mulls private purchase of farm land abroad by Dheeraj Tiwari & Rituraj Tiwari

The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India.  The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc's acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas.  Agriculture secretary PK Basu said that the proposal is in a nascent stage. "We had asked Indian Institute of Foreign Trade to conduct a study. As of now there is a debate going on whether the government should get into it or not," he said without revealing if a concrete proposal is under consideration.  However, another senior government official confirmed that the proposal had made progress. "The government may set up a separate cell to facilitate transactions," he said. In fact, the food ministry already has plans on the ground to begin cultivation overseas.  "Already, ministry of food processing is planning to set up a food processing cluster in Africa covering 4-5 countries with investment of around 120 crore," the official said.  India is faced with a big deficit of pulses and vegetable oil, making it vulnerable to price shocks in the global market, at least in the case of pulses.  After dropping in 2010-11 to 2.69 million tones from 3.51 million tones in 2009-10 because of a bumper crop, import is expected to rise to 2.8 million tonne this year because of steadily rising demand. India is the biggest buyer of pulses with over 15% of buys in the global trade.  In Africa there is great potential of cultivating pulses even on waste land. It will be a great ploy to harvest pulses in Africa to put off pressure on pulses import, said Jaishankar Mishra, agriculture scientist. Economists say that land can be bought in foreign countries but the process has to be handled with utmost care.  "Land can be bought in Africa and production of pulses and wheat can be carried out....however the process can be questionable as it can be seen as land grabbing," said Ashok Gulati, Chairman of the Commission for Agricultural Costs and Prices, a body that recommends minimum support prices for various crops. "This has to be handled delicately," he added,  Yes Bank's vice president and country head for food and agriculture, Girish Aivalli said that all countries are looking to set up producing zones outside their geographical boundaries to fight the climate change related volatility in price and production of farm produce.  "If there is some kind of government support to private firms, banks will also provide lending support at easier terms," he said. The bank has so far advised four to five firms for such deals abroad.  BV Mehta, executive director of Solvent Extractors Association said that any support from the government is more than welcome. "We are buying land in Uruguay," he said.  The association has formed a consortium of vegetable oil companies to acquire lands in Latin America to grow soyabean and sunflower.  India is dependent on imports for nearly half of its edible oil needs. India's vegetable oil imports rose 17% to $6.6 billion in 2010-11. The move comes on the heels of the new mineral asset acquisition policy approved by the government in October 2011.  A working group on agriculture production chaired by Haryana chief minister BS Hooda, had also recommended that Indian companies could also be encouraged to buy lands in other countries for producing pulses and edible oils.