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2006-12-11 | permalink
MRTPC issues notice to Monsanto
he Monopolies and Restrictive Trade Practices Commission (MRTPC) has asked Monsanto, US seed multinational to respond within four weeks to the Andhra Pradesh government’s contention that it was liable to pay compensation to the farmers for selling Bt cottonseeds at exorbitant prices. In response, Monsanto said that its Indian subsidiary Mahyco—Monsanto Biotech (MMB) was responsible for operations in the country. Opposing Monsanto’s contention, the state government had said the US company has been controlling stake in its sister concern and demanded refund of the excessive money paid by cotton growers on the company’s Bt cotton seeds.
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News
2006-12-11 | permalink
MRTPC issues notice to Monsanto
he Monopolies and Restrictive Trade Practices Commission (MRTPC) has asked Monsanto, US seed multinational to respond within four weeks to the Andhra Pradesh government’s contention that it was liable to pay compensation to the farmers for selling Bt cottonseeds at exorbitant prices. In response, Monsanto said that its Indian subsidiary Mahyco—Monsanto Biotech (MMB) was responsible for operations in the country. Opposing Monsanto’s contention, the state government had said the US company has been controlling stake in its sister concern and demanded refund of the excessive money paid by cotton growers on the company’s Bt cotton seeds.
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