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India cuts Monsanto's GM cotton seed royalty, may trigger another row

Reuters  |  NEW DELHI 

By Mayank BhardwajNEW DELHI (Reuters) - India has cut royalties that local seed companies pay to Monsanto Co for the second time in two years, potentially fuelling another row with the U.S. company that threatened to leave the South Asian country in 2016.India's agriculture ministry has decided to reduce royalties paid by Indian seed companies to Monsanto for its genetically modified (GM) cotton by 20.4 percent, said a government order released on Tuesday.In 2016 the agriculture ministry cut Monsanto's royalties by more than 70 percent, triggering a long-running feud that drew in the Indian ...

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First Published: Tue, March 13 2018. 12:49 IST
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