• Thursday, October 06, 2022

Business

Monsanto pulls new GM cotton seed from India in protest

Monsanto is at loggerheads with India over its seed policy

By: Eastern Eye Staff

Monsanto Co has withdrawn an application seeking approval for its next generation of genetically modified cotton seeds in India, a major escalation in a long-running dispute between New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. The American 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…

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