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While the government of India is determined towards luring international investment to address employability and ensure growth in the country, other incidences such as bitter a row between Delhi and Monsanto tickles the nerves over. The US GMO giant, which had set its foot in India and revolutionized cotton industry, has now raised fuelling concerns over how foreign companies are treated in the country. The heated row began when the government announced a sharp cut in the royalty fee paid to Monsanto’s local joint venture Mahyco Monsanto biotech by a whopping 70%. There are many questions that follow this controversial spat. How has the decision being received? How could it potentially affect Indian agri industry? Would it bring a period to GM technology in the country?
With many uncertainties dabbling around, the threat by Monsanto to pull off its GM technology from the country sure comes as a flabbergasted move. It spoke of not only..
Read More: Biotecnika Magazine | April 2016
Shekhar Suman is a Serial Entrepreneur and the Co-Founder of Biotecnika. Magazine is a way he wants to recraft the way industry opines and expresses its views. With years of experience under his belt, he captains the ship with prudence and perfection. He is the chief-editor of Biotecnika Magazine and a big inspiration to the bio-community.
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