Monsanto Explores Partnership with Indian Government in Offering Biotech Traits
August 13, 2010| |
The seeds and agrochemicals division of Monsanto India will explore partnership with the Indian government to offer biotech traits such as weed control, drought tolerance, and nitrogen applications in varietal crops like wheat, sugarcane, mustard and soybean. Seeds of varietal crops can be reused by farmers, without needing to buy for new seeds in the next planting.
"To innovate and discover biotechnology traits like increased drought tolerance traits in soybeans or lesser applications of nitrogen in wheat and reduce insect damages, the company will need to invest more than USD 100 million for a span of 10 years and this can happen with the support of the government," said Jagresh Rana, Director of Mahyco Monsanto Biotech (India).
For more information, read http://gain.fas.usda.gov/Recent%20GAIN%20Publications/Weekly%20Highlights%20and%20Hot%20Bites%20No.%2031_New%20Delhi_India_8-6-2010.pdf.
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