Home / Knowledge / News / Textiles / Licensing of Bt Cottonseed will trip GM seeds industry
Licensing of Bt Cottonseed will trip GM seeds industry
07
Jun '16
The government's price controls and compulsory licensing guidelines in case of Bt Cottonseed, are likely to have an adverse impact on the long-term growth of the Genetically Modified (GM) seeds industry, credit rating agency ICRA has said in a report.

According to the report, while the Cottonseed Price (Control) Order, 2015, aims to notify the maximum selling price for Bt Cottonseed along with the trait-value, the Licensing and Formats for GM Technology Agreement Guidelines, 2016, if implemented, require the technology providers to compulsorily give license to all applicants.

ICRA pointed out that these steps are likely to have an adverse impact on the technology providers. At a time when the roll-out of more GM crops has been slow, the government's decision would hamper the adoption of GM crops in the country, it added.

"While the current situation of financial stress on cotton farmers may justify some intervention on part of the government, a more conducive regulatory environment is critical for the long-term growth of the GM seeds," ICRA AVP, Corporate Sector ratings, Harsh Jagnani said.

In 2002, India embraced its first GM crop with the commercialisation of Bt Cottonseed developed by Mahyco Monsanto Biotech (India). Bt Cotton now covers 95 per cent of total area under cotton acreage.

However, no other GM crop has been approved since then, notwithstanding the roll-out of field trials to assess the bio-safety of GM crops in 2009.

ICRA said, at such time, controlling the GM seeds licensing of technology providers may further restrict research and development of GM crops in the country.

India with its fairly low seed replacement ratio and a higher proportion of extant varieties in its commercial seed portfolio can ill-afford to lower the research spends, it cautioned. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 30th Sep 2016

South Indian mills seek cotton storage facility in Colombo

South Indian textile mills, primarily those in Tamil Nadu are looking ...

Textiles | On 29th Sep 2016

CAI keeps 2016-17 cotton output at 336 lakh bales

The Cotton Association of India (CAI) has estimated cotton crop for...

Courtesy: Nandan Denim

Textiles | On 29th Sep 2016

Nandan Denim to raise Rs 100 crore through FPIs

Indian denim fabric producer Nandan Denim Ltd (NDL) plans to raise Rs ...

Interviews View All

Binoy Ravjani
Hero's Fashion

Amit Jain
Shingora Textiles Ltd

Amardeep Singh
Orient Craft

Larry L Kinn
Suominen Corporation

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

Mohammad Hassan
Biax Fiberfilm

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search