By Mayank Bhardwaj – Reuters, 25 August 2016
REUTERS/Brendan McDermid
Source: http://www.reuters.com/article/us-india-monsanto-idUSKCN10Z1OX
Monsanto Co has withdrawn an application seeking approval for its next generation of genetically modified cotton seeds in India, a major escalation in a long-running dispute between New Delhi and the world’s biggest seed maker.
A letter sent by Monsanto’s local partner in India, the conglomerate’s biggest market outside the Americas, strongly objects to a government proposal that would force Monsanto to share its technology with local seed companies.
Not getting permission to sell illegal seeds is not withdrawal by #Monsanto . #HerbicideResistance not approved https://t.co/rLgHoSxzXR
— Dr. Vandana Shiva (@drvandanashiva) August 25, 2016
The company is also at loggerheads with India over how much it can charge for its genetically modified cotton seeds, costing it tens of millions of dollars in lost revenue every year.
The unprecedented decision to pull the application, which has not previously been reported, could set back Monsanto’s efforts to introduce its new seed, called Bollgard II Roundup Ready Flex technology, for years and lead to further losses.
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Monsanto withdraws new GM cotton seed from India in protest
By Mayank Bhardwaj – LiveMint, 24 August 2016
In letter, Mahyco singles out government proposal, mooted in May, that would require Monsanto to share its proprietary technology for GM cotton seeds.
New Delhi: Monsanto Co has withdrawn an application seeking approval for its next generation of genetically modified cotton seeds in India, a major escalation in a long-running dispute between New Delhi and the world’s biggest seed maker.
#MonsantoQuitIndia
Take your #FailedBtCotton with you #india & the world will be #GMOfree & free of #PatentsOnSeedhttps://t.co/ZVZf4bhYga— Dr. Vandana Shiva (@drvandanashiva) August 24, 2016
A letter sent by Monsanto’s local partner in India, the conglomerate’s biggest market outside the Americas, strongly objects to a government proposal that would force Monsanto to share its technology with local seed companies.
The company is also at loggerheads with India over how much it can charge for its genetically modified cotton seeds, costing it tens of millions of dollars in lost revenue every year.
The unprecedented decision to pull the application, which has not previously been reported, could set back Monsanto’s efforts to introduce its new seed, called Bollgard II Roundup Ready Flex technology, for years and lead to further losses.
PLEASE CLICK HERE TO READ MORE
NEWS TAGS: BT COTTON – INDIA – DR VANDANA SHIVA
Also read:
It is time for Monsanto to Quit India
By Dr Vandana Shiva – The Indian Express, 26 August 2016
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