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 The application that was withdrawn sought environment clearance for commercial cultivation of ‘Bollgard-II Roundup Ready Flex technology’.

The application was withdrawn on July 6 this year because of regulatory uncertainties, Monsanto said, according to media reports.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 However, this notification was withdrawn by the government due to opposition from crop biotech industry.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

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo
Sandvik Hyperion

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search