Home / Knowledge / News / Textiles / Govt withdraws Bt cotton notification
Govt withdraws Bt cotton notification
24
May '16
The Union government has withdrawn the notification on guidelines for Bt cotton technology which placed a cap on royalty for new genetically modified (GM) traits, and has invited comments and suggestions of stakeholders on the matter before taking a final call. The decision to withdraw the notification came five days after it was issued.

The notification was stoutly opposed by the crop biotech industry. Biotech industry body ABLE-AG, which has members like Monsanto, Mahyco, Syngenta, DuPont Pioneer and Bayer BioScience, had opposed the government's notification saying that decision would be a "huge blow" to the innovators in agri-biotech industry.

The guidelines, notified by the Agriculture Ministry on May 18, capped the royalty for new GM traits at 10 per cent of the maximum sale price of the Bt cottonseeds – a move that could affect Monsanto's India operations.

“The notification regarding guideline for Bt cotton technology issued on May 18, 2016, will be put in the public domain for the period of 90 days, in the same form for comments and suggestions of all stakeholders,” the Agriculture Ministry said in a press release on Monday.

According to the notified guidelines, after the initial five years, royalty would reduce by 10 per cent of initial value every year. If the GM technology loses its efficacy, the technology provider would not be eligible for any royalty.

The guidelines also prescribed a new format for sub-licensing agreements that all seed technology providers would have to sign with the seed companies. If such an agreement is not signed within next 30 days, all old agreements would be considered invalid, the notification said. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

VF Corporation to split into two independent companies

Apparel/Garments | On 14th Aug 2018

VF Corporation to split into two independent companies

VF Corporation, a global leader in branded lifestyle apparel,...

Courtesy: Good On You

Apparel/Garments | On 14th Aug 2018

Good On You in Oz adds 500 European brands to rating app

Australia-based Good On You’s brand-rating app has recently added 500 ...

Courtesy: USDA/FAS

Textiles | On 14th Aug 2018

US cotton exports in 2017-18 highest in over a decade

Cotton exports from the US in 2017-18 reached their highest level...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Silke Brand-Kirsch
Schlegel und Partner

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Wendell Rodricks
Wendell Rodricks

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave 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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search