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NSL to pursue intellectual property litigation with Monsanto

Monsanto is yet to settle the dispute with Sri Rama Agri Genetics, Amar Biotech and NSL along with two group companies, Prabhat Agri Biotech and Pravardhan Seeds

NSL Chairman and Managing Director M Prabhakara Rao
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NSL’s Chairman and Managing Director M Prabhakara Rao said that Monsanto should never have been allowed to collect royalties after an initial payment to use its technology. Photo: Reuters

Mayank Bhardwaj | Reuters New Delhi
India’s Nuziveedu Seeds (NSL) said on Saturday it would not settle a long-standing intellectual property dispute with Monsanto over genetically-modified (GM) cotton, despite some other Indian companies doing so in recent weeks.
 
Reuters reported on Wednesday that three Indian seed makers — Ajeet Seeds, Kaveri Seed and Ankur Seeds — have agreed to resolve differences and end their arbitration proceedings with Monsanto.
 
But Monsanto is yet to settle the dispute with Sri Rama Agri Genetics, Amar Biotech and NSL along with two group companies, Prabhat Agri Biotech and Pravardhan Seeds.
 
“We do not want to compromise,” Narne