The soil at the site has an astounding 5% organic carbon content, so you won’t need to add any fertilisers.
There is a river nearby so irrigation will not be a problem.
Labour is abundant and super cheap.
All of this is available for less than Rs.1/acre/year for a 50-year lease.
In addition, the government will give you tax breaks and build roads for free.
Sounds too good to be true? It is 100% true except that the land in question is in Ethiopia and you need to be a big ticket investor .
There’s a huge land-grab going on in the country at present. Companies from all over the world are coming but Indian companies are the biggest investors. The poor nation is seeking investment at throwaway prices.
The price quoted above is what Bangalore based Karuturi Global paid for 2500 sq. km or over 6 Lakh Acre land in Gambella province, according to an article in Guardian last year.
Read all about it (video included)
guardian.co.uk/world/2011/ma … mland-rush