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Monsanto settles GM cotton dispute with three Indian seed firms

The dispute sparked series of govt actions that prompted the world's biggest seed firm to withdraw from some businesses in India

Reuters  |  New Delhi 

Three leading Indian cotton seed makers have settled an intellectual property dispute with Monsanto Co over its genetically modified (GM) seed technology, partly ending a legal tussle that has drawn in the Indian and U.S. governments. Ajeet Seeds, Kaveri Seed Co Ltd and Ankur Seeds were among six Indian companies that delayed payments to Monsanto, demanding a cut in royalties they paid to the U.S. firm to licence its technology. "The arbitration proceedings with each of these (three) companies have concluded by way of consent orders which record the mutually discussed and ...

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First Published: Thu, October 12 2017. 01:29 IST