Home / Knowledge / News / Textiles / Monsanto withdraws next gen GM cotton seed application
Monsanto withdraws next gen GM cotton seed application
25
Aug '16
American multinational agricultural biotechnology major Monsanto has withdraws its application submitted to the Indian government seeking approval for the next generation genetically modified (GM) cotton seeds. The application that was withdrawn sought environment clearance for commercial cultivation of ‘Bollgard-II Roundup Ready Flex technology’.

The application was withdrawn on July 6 this year because of regulatory uncertainties, Monsanto said, according to media reports.

“Our decision to suspend this introduction in India is an outcome of the uncertainty in the business and regulatory environment, which includes the regulation of trait fees and introduction of the draft compulsory licensing guidelines,” Monsanto spokesperson said in a statement.

However, the latest decision will not impact Monsanto’s cotton portfolio currently being sold in India, the company said.

In March this year, Monsanto had said that it shall re-evaluate its presence in India and hold back new technology if the Union government reduces trait fee of Bt cotton seeds.

Subsequently, the government capped royalty for the new GM traits at 10 per cent of the maximum sale price of Bt cotton seeds for the first five years. However, this notification was withdrawn by the government due to opposition from crop biotech industry.

Mahyco Monsanto Biotech Ltd (MMBL), Monsanto’s joint venture with Maharashtra Hybrid Seeds in India, has sub-licensed Bt cotton seed technology since 2002 to various domestic seed companies.

According to Monsanto, its Bollgard cotton technology has helped India to become the world’s second largest cotton producer from being a net importer in 2002. This was due to the increase in cotton yield from 302 kg per hectare lint in 2002-03 to 552 kg per hectare lint in 2013-14, the company said. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

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

Silvia Venturini Fendi
Fendi s.r.l

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
January 2017

January 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