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 The application that was withdrawn sought environment clearance for commercial cultivation of ‘Bollgard-II Roundup Ready Flex technology’.

The application was withdrawn on July 6 this year because of regulatory uncertainties, Monsanto said, according to media reports.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 However, this notification was withdrawn by the government due to opposition from crop biotech industry.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 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Judy Frater
Somaiya Kala Vidya

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

Silvia Venturini Fendi
Fendi s.r.l

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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:
April 2017

April 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



X