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Indian KGK Group plans grow canola in the Russian Far East

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Indian KGK Group plans grow canola in the Russian Far East

Indian KGK Group plans grow canola in the Russian Far East and plans to get for long term lease about 500 thousand hectares of agricultural land in Zabaikalskiy kray. This was announced in New Delhi by the General Director of the Far East Investment Promotion and Export Support Agency Leonid Petukhov.
“The large Indian company KGK Group, which was one of the first Indian companies to open a diamond cutting production in the Far East of Russia, announced its readiness to implement an agricultural project of 500 thousand hectares in Zabaikalskiy kray and Indian KGK Group plans grow canola in the Russian Far East. We understand that agricultural practices are different in India and Russia. In India, it is warm and year-round to harvest, mainly many individual farms work here. Russia has a different scale and a different climate; we have a Russian winter. Therefore, many Indian farms do not yet have experience in growing crops in Russian conditions. On the other hand, they are ready to work, and we, together with the regions, are ready to help them, ” Leonid Petukhov said.

5th September 2019

He noted that in the Far East there are large areas of unused agricultural land. Russian President Vladimir Putin instructed to create a “land bank of agricultural plots”, which will include unused agricultural land leased or owned, as well as free non-cadastral land plots, which are supposed to be put on cadastral registration. Further, land masses of 20-50 thousand hectares can be transferred to investors for the implementation of projects in the field of agriculture.
Such work is carried out under the leadership of the Ministry for the Development of the Russian Far East by the Agency for the Far East to attract investment and support exports in cooperation with the Far East Development Corporation. An inventory of land has already been carried out in Primorye and the Amur Region, and is now taking place in the Trans-Baikal Territory, the Republic of Buryatia, the Jewish Autonomous Region, and the Khabarovsk Territory. For “free” lands, preparation and approval of land location schemes on the cadastral plan of the territory, the formation of land plans for land plots, is underway. After this, land plots are put on state cadastral registration and ownership is registered. Land may be included in the territories of priority development. This will allow the investor to provide agricultural land for the implementation of agricultural projects without competitive procedures in the order of residence of the territory of accelerated development. The control over the implementation of the investment project in the territory of accelerated development is carried out by the KRDV. Upon identification of unused leased land, the lessee is sent a claim to comply with the terms of the lease. In case of failure to fulfill the claim on time, the municipality goes to court in order to terminate the lease.
“Our task is to attract large foreign investors, which allows us to introduce large land masses into economic turnover. At the same time, control over the land should remain in the hands of the Russian state, ”said Leonid Petukhov, explaining that the Indian company is ready to lease about 500 thousand hectares.

Speaking about crops that Indians can grow in the Far East, Petukhov said that investors are primarily interested in soy and rapeseed. “The main interest of investors is the cultivation of oil and fat crops and for this reason Indian KGK Group plans grow canola in the Russian Far East . The most favorable conditions for soybean cultivation are in the Amur Region. And the climatic conditions of the Trans-Baikal Territory make it possible to cultivate rape. An essential condition for maintaining the quality of the land and obtaining a consistently high yield is maintaining crop rotation, which implies additional cultivation of grain crops, ”he added.

Information provided by the press service of the Far East Investment Promotion and Export Support Agency

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