Home / Knowledge / News / Textiles / Govt withdraws Bt cotton notification
Govt withdraws Bt cotton notification
24
May '16
The Union government has withdrawn the notification on guidelines for Bt cotton technology which placed a cap on royalty for new genetically modified (GM) traits, and has invited comments and suggestions of stakeholders on the matter before taking a final call. The decision to withdraw the notification came five days after it was issued.

The notification was stoutly opposed by the crop biotech industry. Biotech industry body ABLE-AG, which has members like Monsanto, Mahyco, Syngenta, DuPont Pioneer and Bayer BioScience, had opposed the government's notification saying that decision would be a "huge blow" to the innovators in agri-biotech industry.

The guidelines, notified by the Agriculture Ministry on May 18, capped the royalty for new GM traits at 10 per cent of the maximum sale price of the Bt cottonseeds – a move that could affect Monsanto's India operations.

“The notification regarding guideline for Bt cotton technology issued on May 18, 2016, will be put in the public domain for the period of 90 days, in the same form for comments and suggestions of all stakeholders,” the Agriculture Ministry said in a press release on Monday.

According to the notified guidelines, after the initial five years, royalty would reduce by 10 per cent of initial value every year. If the GM technology loses its efficacy, the technology provider would not be eligible for any royalty.

The guidelines also prescribed a new format for sub-licensing agreements that all seed technology providers would have to sign with the seed companies. If such an agreement is not signed within next 30 days, all old agreements would be considered invalid, the notification said. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Alibaba

Apparel/Garments | On 21st Feb 2017

Alibaba announces retail partnership with Bailian Group

Chinese e-commerce giant Alibaba Group has made another move in its...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Apparel/Garments | On 21st Feb 2017

Govt may free up retail FDI for domestic goods

Government may remove restrictions on retailers like Walmart and...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search