Home / Knowledge / News / Textiles / Gujarat Govt essays to scale down prices of Bt cotton seeds
Gujarat Govt essays to scale down prices of Bt cotton seeds
08
May '08
Gujarat may follow the directions led by Andhra Pradesh Government to reduce the prices of Bt cotton seeds.

Industrial sources disclosed that there was a wide gap between the purchasing and selling price of the seeds. While the seeds were bought from Monsanto (Foreign Bt cotton producing company) at the rate of about Rs125 per packet, they are sold at prices varying from Rs750-925 per packet including Rs150 paid to the international company as royalty.

This vast difference being an eye-opener to the farmers, have forced them to avoid buying Bt cotton seeds unless some measure are taken to bring down the exorbitant prices.

Nearly 23 companies involved in the sale of Bt cotton were asked by the Government of Gujarat to reduce royalty amount and provide details with regard to the production cost of these seeds.

The companies however, evaded the call of the Government and have not complied to the order of lowering the prices of Bt cotton. Faced with such defiant attitude, the Government has decided to arrive at a conclusion in favor of the farmers.

Already, two meetings have been conducted with the companies to reach a final decision but all in vain. These seed supplying firms have demanded more time.

Prices for the seeds had been reduced even in 2006 by Andhra Pradesh after which Gujarat and other states followed the example.

Prices of Ballgard II variety have been lowered once again by Andhra Pradesh arousing dispute between the State Court and Monsanto. The former however, succeeded in proving its point and rejected the company's petition.

Gujarat is the largest buyers of Bt cotton seeds consuming some 60-70 percent of the total supplies. Now, it is up to Gujarat to either adopt a similar measure for protecting the rights of its farmers or to let the situation go out of control.

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Sachin Sharma
Gem Enviro Management Pvt Ltd

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

Paolo Ocleppo
Sandvik Hyperion

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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