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Biotech firms criticize controlled Bt cotton seed prices
23
Apr '10
As per the Association of Biotech Led Enterprises (ABLE), cost of Bt cotton should be determined by market dynamics, as this would promote free market competition and thereby, offer varied choices of cotton seeds for seed buyers.

Controlling the Bt cotton seed prices is definitely a global concern. Since 2006, a couple of state governments have been incessantly cutting down the MRP of Bt cotton seeds. This has led to an indirect control on technology fees by the state governments.

This indirect control, by the state governments, has hindered innovation of agriculture biotechnology. It has also resulted in huge losses with respect to farmer centric research investment, thereby, leading to wearing away of the industry cost, said the body.

ABLE is also hunting for certainty in commercialisation, predictability in regulatory process, a free market competitive environment and protection of IPR to continue innovation in agriculture.

Fibre2Fashion News Desk - India


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