Thursday, October 13, 2011

The New East India Cos

(Magazine | Oct 17, 2011, Outlook India)--Ethiopia, where more than a million hectares are being handed over to Indian firms at bargain prices, supressing local dissent and causing displacement of people is an important case in point. Many are describing India as a “neo-coloniser”.

The phenomenon has in fact received wide local coverage, with damning headlines like ‘Indian agribusiness devastates W. Ethiopia’.

One such instance, involving a little-known Indian firm, came to light earlier this year when the US-based Solidarity Movement for a New Ethiopia (SMNE) revealed letters, copies of which Outlook has, to show how Verdanta Harvests was granted the lease of 3,012 hectares in the Gambela region despite opposition from affected locals, who were supported by none other than Ethiopian president Girma Wolde-Giorgis and the country’s Environment Protection Agency (EPA). FULL ARTICLE AT Outlook India »

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