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Indian government caps companies’ royalty fees for GM seeds, adds other restrictions on sales

| | May 23, 2016

The GLP aggregated and excerpted this blog/article to reflect the diversity of news, opinion and analysis.

The Indian government has capped royalty fees payable to Monsanto Co. and other providers of genetically modified (GM) seed technology and barred them from denying a licence to any local company.

According to a notification issued on 18 May, for any GM trait commercialized in India, the technology provider cannot charge a royalty that exceeds 10% of the maximum sale price of the seeds, which is fixed by the government every year.

The cap of 10% will apply for the first five years. From the sixth year on, the royalty will decrease by 10% a year.

And the technology provider cannot refuse a licence to any eligible Indian seed company.

Read full, original post: Government tightens rules for GM seed technology providers

The GLP aggregated and excerpted this article to reflect the diversity of news, opinion, and analysis. Click the link above to read the full, original article.
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