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 The application that was withdrawn sought environment clearance for commercial cultivation of ‘Bollgard-II Roundup Ready Flex technology’.

The application was withdrawn on July 6 this year because of regulatory uncertainties, Monsanto said, according to media reports.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 However, this notification was withdrawn by the government due to opposition from crop biotech industry.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

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Clash over monetary payment by UK at Brexit talks

Textiles | On 18th Oct 2017

Clash over monetary payment by UK at Brexit talks

The European Union (EU) and the United Kingdom (UK) are clashing over ...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Evelyne Cholet
UCMTF

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

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Larry L Kinn
Suominen Corporation

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Suresh Patel
Sidwin Fabric

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search