With the land values increasing each passing day across India and especially in Andhra Pradesh, one acre of land costs anywhere more than 10 lakhs depending on the area. However, the situation is totally opposite in several African countries. With the Duty Free Tariff Preference (DFTP), several Indian companies are given subsidies to cultivate lands in a few African countries.
Due to severe underdevelopment, land values in most African countries come for as cheap as Rs. 60 for 2.5 acres. Several Indian companies have been purchasing lands, growing crops in close to 34 African countries and exporting the yields to global countries and thereby making huge profits.
The labour costs in most African countries are quite cheap and this comes handy to the Indian companies. Even though the African lands are less fertile compared to Indian lands with only 250 kg paddy against 500-600 kg in India, the overall inexpensive farming resulted in Indian companies like L&T and Shapoorji Pallonji etc show keen interest in African countries like Kenya, Ethiopia, Rwanda, Uganda, Tanzania etc to earn big through crops like cashew, cotton, rubber and coffee etc.
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