Monsanto contract termination
Apropos of the report “Mahyco Monsanto cancels Bt cotton licence over royalty payment” (FE, December 23), our dispute with Mahyco Monsanto relates to interpretation of certain governmental orders with respect to trait value and maximum selling price (MSP) of cotton seeds. Certain state governments have computed a MSP for cotton seeds after taking into consideration a certain trait value. The trait value considered by these state governments is less than the trait value mentioned in our agreement with Mahyco Monsanto. Accordingly, the company has collected the MSP from farmers based on the trait value which has been considered by the respective governments for determining MSP of cotton seeds. Monsanto has claimed that they should be paid the contractually agreed trait value without taking into account the trait value considered by the government in determining the MSP. This matter is currently sub-judice. Further, while we have received termination notices from Mahyco Monsanto, we have communicated to them that such termination is illegal and inappropriate and requested them to withdraw their termination notice and our legal counsels are exploring all options in this regard.
Nuziveedu Seeds Ltd
Solar over nuclear
Though prime minister Narendra Modi has invited India’s scientists to innovate in the renewable energy space, with all such sources being deemed either cheap or safe or both, I would prefer solar power only. Nuclear-generated electricity is as clean as solar power, but sometimes the raw material and the waste in such generation is hazardous and fatal. Solar-generated electricity is also the safest and the cheapest, for which we need not depend on any foreign country, because the sunlight is available in India nearly for 8 to 10 months a year. Though I am not a scientist, I think that the sun’s energy can be harvested throughsolar panels everywhere in India. This may further help reduce environmental pollution.
Please send your letters to:
The Editor,The Financial Express, B1/B, Sector – 10, Noida – 201301. Distt: Gautam Budh Nagar (U.P.).or e-mail at: firstname.lastname@example.org or fax at Delhi: 0120-4367933