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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