Home / Knowledge / News / Textiles / Delhi HC okays Bt cotton seed price control
Delhi HC okays Bt cotton seed price control
09
Feb '16
The Delhi High Court has cleared the way for the Central Government to bring Bt cotton seeds under a price control regime after it rejected Mahyco Monsanto Biotech (India) Pvt. Ltd's (MBBL) plea to put on hold the Centre's cotton price control order.

The Government's price control order mandates a panel to fix the maximum price for Bt cotton seeds.

MMBL had appealed for quashing certain provisions in the price control order, specifically those allowing the Government to royalty fees. In its petition, MBBL had argued that the price control order is “illegal and unconstitutional” and the Government can't regulate its prices.

On January 27, the Agriculture Ministry had set up a nine-member committee under a joint secretary to execute its cotton price control order issued on December 7, 2015.

The central price control order aims to keep Bt cotton seed prices affordable for farmers and bring uniformity in prices across states.
Around eight million farmers grow cotton in India and the double gene Bt cotton technology supplied by MMBL accounts for 95 per cent of the seed market.

MMBL supplies the genetically modified Bt cotton technology to 49 seed companies in India in exchange for a trait or royalty fee. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search