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Foreign seed firms unite in opposition to new India GM crop rules

Aug. 26, 2016 9:42 AM ETMonsanto Company (MON-OLD) StockMON-OLD, SYT-OLD, BAYRY, DDBy: Carl Surran, SA News Editor25 Comments
  • Major international seed companies Monsanto (NYSE:MON), Bayer (OTCPK:BAYRY), Dow Chemical (DOW), DuPont (DD) and Syngenta (NYSE:SYT) form an alliance to oppose the Indian government's proposal that would force them to share their genetically modified crop technology with local players.
  • A Bayer exec says no one would invest in research if the proposed introduction of compulsory licensing - which would force a company to share its intellectual property upon government request - is implemented.
  • The show of solidarity comes after MON, which pioneered the use of GM cotton in India, withdrew an application for its next-generation product from the approvals process on concerns over the security of its intellectual property.

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