Monsanto’s unprecedented decision to withdraw the application for its Bollgard II Roundup Ready Flex technology is a big, and public, challenge to the government’s policy on licensing seeds technology.
Globally the international investment agreement (IIA) regime is undergoing a change and the developments in India are no exception. India has decided to terminate about 57 bilateral investment treaties (BITs) whose initial duration has expired, or is soon to expire, and issue joint statements for the ones in force.
Agriculture and industry must be unshackled so that they can create the millions of new jobs that this country needs. However, a hostile tax regime and Tughaqian firmans by quasi-legal bodies are putting a spanner in the works.