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Agro-tech industry opposes GM seed licensing policy

India may lose innovative seed companies by decreasing their interests of investments in India

Policy Pulse
Publish Date: Aug 20 2016 2:24PM | Updated Date: Aug 20 2016 2:24PM

Agro-tech industry opposes GM seed licensing policy

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The proposed GM seed licensing policy, introduced in May has been strongly opposed by agro-tech industry which includes seed companies and biotech licensees. 
 
 
The guidelines are said to introduce a regime of ‘compulsory licensing’ that would further hinder innovation and negatively affect investments in farm technologies.
 
 
Apart from this, due to such guidelines, India may lose innovative seed companies by decreasing their interests of investments in India.
 
 
Also, guidelines in the clauses such as payment of trait fee that may lead to effectiveness in technology according to Indian Government, capping the royalty value or the GM trait value to the maximum sale price of GM cotton seeds at 10% for the first five years and then decreased by 10% every year are said to be some of the bigoted moves as they reduce competition and are against global IP policy.