STOCK MARKET BSE NSE

Monsanto loses Indian legal battle over Genetically Modified cotton patents

A court ruled on Wednesday that Monsanto cannot claim patents on its genetically modified (GM) cotton seeds in India, the Indian company that brought the case said.

Published: 12th April 2018 02:15 AM  |   Last Updated: 12th April 2018 02:15 AM   |  A+A-

Monsanto logo is displayed on a screen where the stock is traded on the floor of the New York Stock Exchange. (Photo | Reuters)

NEW DELHI: A court ruled on Wednesday that Monsanto cannot claim patents on its genetically modified (GM) cotton seeds in India, the Indian company that brought the case said.

Citing an Indian law that excludes seeds from being patented, Nuziveedu Seeds Ltd (NSL) argued that the U.S. seeds company was not eligible to claim patents and charge royalties from Indian seed companies.

On Wednesday, the Delhi High Court agreed with NSL, ruling that India's Patent Act does not allow Monsanto any patent cover for its GM cotton seeds, said Narne Murali Krishna, a company secretary for NSL.

A Monsanto India spokesman said the company was "very disappointed" with the court order.

"Today’s order will have wide-ranging, negative implications for biotech-based innovation across many sectors within India, and is inconsistent with other international markets where agricultural innovation has flourished," the spokesman said in a statement.

Monsanto’s "false claim has got exposed today," Kalyan Goswami, director general of the National Seed Association of India, said in a statement.

Late last year, NSL said it would not settle a long-standing intellectual property dispute with Monsanto over genetically modified cotton, despite some other Indian companies doing so.

Monsanto has been involved in a long-running battle in India over royalties paid by local seed companies for its GM cotton.

In 2016, the Indian farm ministry cut Monsanto's royalties by more than 70 percent, triggering a long-running feud that drew in the Indian and U.S. governments.

In March, India cut the royalties paid to Monsanto for its GM cotton for the second time in two years, potentially fuelling another row with the U.S. company that threatened to leave India in 2016.

More than 90 percent of India's cotton crop is genetically modified.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp