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India is developing a group of land almost twice the size of Luxembourg to attract companies moving from China, according to people with knowledge of the matter. A total area of 461,589 hectares across the country has been identified for the purpose, the people said, asking not to be identified because they are not authorized to speak to the media. That includes 115,131 hectares of existing industrial land in states like Gujarat, Maharashtra, Tamil Nadu and Andhra Pradesh, they said. Luxembourg spans 243,000 hectares, according to the World Bank. Land has been one of the biggest impediments to companies looking to invest in India, with Saudi Aramco-Posco’s plans thwarted by delays in the acquisition. Prime Minister Narendra Modi’s administration is working with state governments to change that as investors seek to reduce dependence on China as a manufacturing base after the coronavirus outbreak and the resulting supply disruption.
