Home / Knowledge / News / Textiles / Monstano JV in India under govt lens
Monstano JV in India under govt lens
21
Dec '15
There may be trouble for Monsanto in India. The Agriculture Ministry has asked fair trade regulator Competition Commission of India (CCI) to investigate the alleged monopolistic practices of Mahyco-Monsanto Biotech (India) Ltd (MMBL), Monsanto's JV in India, Minister of State for Agriculture Mohanbhai Kundaria said in a written reply in the Rajya Sabha.

The matter was referred to the CCCI following the representations from farmer bodies and National Seed Association of India (NSAI).

"Farmers organisations and NSAI had requested the Department (of Agriculture) to intervene to regulate royalty charges for Bt Cotton technology being charged by MMBL. The matter has also been referred to CCI to investigate the allegations of monopolistic practices of MMBL," the Minister said.

Kundaria said the Ministry has already issued an order under the Essential Commodities Act to regulate the cotton seed prices. In a notification issued on December 7, the Centre has decided to control prices of cotton seeds, including genetically modified versions, by fixing a uniform maximum sale price from March 2016.

It has also decided to fix and regulate the seed value and licensee fee, including royalty or trait value, according to the notification issued by the Agriculture Ministry.

At present, Bt cotton seeds are sold at different rates across the country. In Punjab and Haryana, it is priced at Rs 1,000 per packet of 450 grams, while it is Rs 830 in Maharasthra and Rs 930 in six states, including Andhra Pradesh. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Silke Brand-Kirsch
Schlegel und Partner

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

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...

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

news category


Related Categories:
May 2017

May 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