Business Standard

Genetically modified jute to come up for GEAC nod

Related News

India might see the commercialisation of (GM) in a month. Developed by the University of Calcutta, jute is set to be sent for commercial approval to the regulator, Genetic Engineering Approval Committee (GEAC), next month. If approved, GM jute will be the second crop of its kind after GM was approved for commercialisation in 2002.

“GM jute is ready. The university is set to apply to the in a month,” said Swapan K Datta, deputy director general of the Indian Council of Agricultural Research (ICAR), on the sidelines of a round-table on ‘Addressing challenges of food security’ organised by the Confederation of Indian Industry here on Monday.

Farmers expect that the success of GM cotton will be replicated in jute. “With jute being a non-food crop, GEAC should not have any problem in approving it. The regulator has concerns only on food items,” Datta said.

Almost 30 per cent of the 250 million tonnes of foodgrains produced annually are packed in jute bags worth around Rs 6,000 crore.

Around 40 per cent of the jute bags produced are purchased by the through the Food Corporation of India, on behalf of different state food procuring agencies.

The country’s jute sector manufactures around 1.2 million tonnes of bags in a year. The installed capacity stands at nearly 1.5 million tonnes.

Read more on:   
|
|
|
|
|

Read More

Shrimp farming boom in West Bengal as farmlands shrink

In the southern fringes of the agriculturally-dense district of Purba Medinipur, more ponds are being dug than farms nurtured. Over the next six ...

Quick Links

 

Market News

NAFED to invite EoI for import of 25K tonnes potatoes

Potato prices have shown a rising trend during the recent weeks and the commodity is being retailed at Rs 35-40 per kg in the National Capital

Biocon sees muted quarter, lacks immediate triggers

Reduced exports to West Asia & North Africa, capacity constraints affect sales

Exchanges plan stake sales in depository arms

NSE in talks with investors for offloading stake, BSE considering an IPO; to do so before April

Many listed firms had same auditors for over 10 yrs: IIAS

Proxy advisory body Institutional Investor Advisory Services India (IIAS) has called for periodic rotation of auditors and capping their tenure ...

Freeing diesel : Profound effect across many industries

The decontrol of diesel over the weekend will have a profound effect on the oil industry value chain. It could significantly reduce the fiscal ...

Back to Top