MUMBAI (Reuters) - A nationalist group close to Indian Prime Minister Narendra Modi's party said on Tuesday it would seek a legislative amendment to the rules governing patents, after the country's top court ruled in favour of Monsanto's cotton seed patent.
The Supreme Court allowed Monsanto to claim patents on its genetically modified cotton seeds in the world's biggest producer of the fibre, overturning a decision of a lower court.
"There is a need for the government to look into this whole issue and make an amendment in the law forbidding these companies from charging a patent amount," Ashwani Mahajan, National Co-Convener of Swadeshi Jagran Manch, told Reuters.
Reuters could not immediately contact India's agricultural ministry.
(Reporting by Rajendra Jadhav; Editing by Krishna N. Das)
Disclaimer: No Business Standard Journalist was involved in creation of this content
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