Bt cotton prices should be determined by market dynamics. This would foster competition and provide more choice for the seed buyers, according to the Association of Biotech Led Enterprises (Able).
“The Bt cotton seed price control is a concern. It is indirect technology fee control by state governments,” said Pioneer Hi-bred International Seeds country manager and special group executive council member.
Since 2006, some state governments have been consistently reducing the MRP of Bt cotton seeds. This has adversely impacted the innovation, he said.
The body also sought a free market competitive environment, commercialisation certainty, regulatory process predictability and protection of IPR to drive innovation in agriculture.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app