Home / Knowledge / News / Textiles / Seed sector opposes control on Bt cotton seed prices
Seed sector opposes control on Bt cotton seed prices
14
May '10
The move by the state government to control and fix prices of seeds has angered the seed production companies and they are now jointly trying to remove the controls by the government on pricing seeds.

The seed companies are of the opinion that, by imposing controls on seed pricing the government is impeding the growth of the seed manufacturing industry. They aver that, development of new seed varieties is a long and costly process.

And to compensate them for investing in the long and costly process of research and development, they need to be adequately compensated for the same, by either increasing the controlled prices or allowing free market mechanism.

They point to the fact that Bt seeds have brought a revolution in cotton production in India. Citing statistics they point to the fact that, cotton output has doubled since Bt cotton seeds were introduced way back in 2002.

The yield of other crops has virtually stagnated since the same period and on the other hand, minimum support prices (MSP) paid to the farmers too have gone up drastically, while prices of Bt cotton seeds have stayed at the same levels.

Fibre2fashion spoke exclusively with Dr Shanthu Shantharam, Executive Director of Association of Biotechnology Led Enterprises-Special Interest Group on Agriculture Biotechnology (ABLE-SIGAB), an association of leading biotech companies.

He said, “We have time and again appealed to the state government who control and decide the prices of seeds. Agricultural biotechnology R&D entails heavy investments and takes years, so in order to recover investments; we need to have sound prices, which can pay back over a period of time.”

He added by saying, “We strongly believe that, whenever the government has intervened, the business of agricultural commodities has come down drastically. In fact, if free-market mechanism is allowed, competition will help in bringing down prices.”

“The government's intervention in prices will prove to be counterproductive as farmers are actually willing to pay competitive market prices as their yields and in turn incomes have drastically increased since the introduction of Bt cotton seeds”, he concluded by saying.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Rajiv Sirohi
Shara

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

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Lynda Kelly
Suominen Corporation

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

Suresh Patel
Sidwin Fabric

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search