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India Pledges Easy Access to Land for Factories Leaving China

  • Land acquisition has been a key hurdle for foreign investors
  • Economy is poised to shrink for the first time in four decades
Providing land with power, water and road access may help attract new investments.

Providing land with power, water and road access may help attract new investments.

Photographer: Dhiraj Singh/Bloomberg
Updated on

India is developing a land pool nearly double the size of Luxembourg to lure businesses moving out of China, according to people with the knowledge of the matter.

A total area of 461,589 hectares has been identified across the country for the purpose, the people said, asking not to be identified because they aren’t authorized to speak to the media. That includes 115,131 hectares of existing industrial land in states such as Gujarat, Maharashtra, Tamil Nadu and Andhra Pradesh, they said. Luxembourg is spread across 243,000 hectares, according to the World Bank.