The Economic Times has a front page article today "Govt, India Inc plan to farm land abroad: To buy huge tracts in South America, Myanmar & Africa to grow crops that'll be shipped to India".
A few comments:
-- the on-line version has a different title, and far more information than in the print edition (what one would expect, a bit, but a big disincentive to read the print edition for me);
-- India should expect to hear some requests for reciprocity in terms of land ownership and import/export of foodstuffs given that it is quite restrictive in those areas right now. It also should expect to see a lot of debate about export taxes in these countries (especially Argentina and Paraguay).