Indian Stock Market Tips: Stung By India’s GM Regulation, Maharashtra Hybrid Seeds Company Looks To Other Countries

One of India’s largest seed company Maharashtra Hybrid Seeds Company (Mahyco) said that it is planning to take its new technology including genetically modified (GM) seeds to other South Asian and African countries as stringent regulations and non-clarity in India regarding trial and commercialization of GM crops has derailed its India plans. Mahyco said it has reduced its research in GM crops in India and its research team which has been working on various solutions of insect and drought resistance to crops like cotton and rice, among others is looking to move to countries like Vietnam, Tanzania and Zimbabwe to introduce its new seeds.

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