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Delhi HC order may hit agri investment: Seeds body

Press Trust of India  |  New Delhi 

Seed industry body FSII today said investment in agri-biotech sector could be affected following a recent order dismissing US-based Monsanto's plea to enforce the patent for its seeds in

"While we respect the court's judgement, this order will have wider implications beyond the seed and agri biotech sector," (FSII) said in a statement.

If the patent protection granted to a biotech trait under the Patent Act is superseded by the protection granted to the plant under the PPV&FR Act upon the insertion of the trait into the plant, FSII said, no organisation will invest money in inventing new traits for

Protection of and Farmers' Rights (PPV&FR) Act was passed by Parliament in 2001 and an authority has been set up for compliance of provisions of this law.

A trait, whether GM or non-GM, becomes useful for farmers or consumers only when it has been incorporated in the plant, it added.

"There is a need to recognise that organisations have already made significant research investments in the agri-biotech sector. This judgement will severely restrict their ability to license their technologies and will hamper further investments in this sector," FSII said.

By adversely impacting innovation, this judgement will deal a severe blow to the interests of the Indian farmers in the long run, the association said.

Earlier this week, a bench of Justices S Ravindra Bhat and Yogesh Khanna of partially allowed the counter-claims of three Indian that does not have a patent for its seeds, a genetically modified variant which resists bollworms.

The court also upheld the decision of a on the issue of trait fee payable to by the three Indian companies including Ltd.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 17:45 IST