- Sputnik International
Asia
Find top stories and features from Asia and the Pacific region. Keep updated on major political stories and analyses from Asia and the Pacific. All you want to know about China, Japan, North and South Korea, India and Pakistan, Southeast Asia and Oceania.

India’s Apex Court Reinstates Monsanto’s Patent Claim Over GM Cotton Seed

© AP Photo / James A. FinleyA complex merger designed to lower their tax payments could see US agrochemical giant Monsanto merge with its Swiss rival, Syngenta, to create an entity based in the UK.
A complex merger designed to lower their tax payments could see US agrochemical giant Monsanto merge with its Swiss rival, Syngenta, to create an entity based in the UK. - Sputnik International
Subscribe
Last April, the Delhi High Court in a historic verdict had said that certain items such as seeds, plants, and animals cannot be patented under Indian law.

New Delhi (Sputnik) — In a major victory for the world’s largest genetically modified seed manufacturer Monsanto, India’s apex court reinstated its claim over patent of BT Cotton seed that it is presently selling in India.

READ MORE: US Lawyers Have 'Explosive' Documents on Monsanto's Business in Europe

​The Supreme Court of India overruled the order pronounced by the Delhi High Court declaring the company's patent on its best-selling BT cotton seed variants, Bollgard and Bollgard-II, "invalid".

A sign at the Monsanto Co. headquarters located in St. Louis, Missouri. - Sputnik International
Asia
Monsanto Loses Battle Over BT Cotton Seed Patent in India
The St. Louis-based company had lost the patent battle in the Delhi High Court on 11 April, two years after a case was filed by India's Nuziveedu Seeds Ltd (NSL), which argued that the US seed company was not eligible to claim patents and demanded royalties from Indian seed companies.

The Delhi High Court had rejected Monsanto’s plea to stop Nuziveedu Seeds Ltd., an estranged licensee of the company, from selling BT cotton seeds in India. Monsanto challenged the decision in the country's apex court on 2 May 2018.

READ MORE: No Relief for Monsanto Fighting Legal Battle for GM Cotton Patent in India

After the Delhi High Court judgment, it was expected that the cotton seed price would come down heavily in India and provide relief to debt-ridden farmers as they have to take out loans to purchase the costly seeds and pesticides marketed by the US firm.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала