Monsanto, with an annual turnover of around 13.5 billion US dollars last year, is the largest seed company in the world. Based out of St. Luis in the USA, it also leads the Genetically Modified seed sector globally.
Genetic modification in agriculture involves the release of modified living organisms into the open environment. It is a technology which is at present imprecise, potentially hazardous and irreversible.
The controversial Biotechnology Regulatory Authority of India (BRAI) bill was introduced in the Lok Sabha on April 22 amid vehement protests from opposition parties. The BRAI bill is contentious because it proposes to create a new regulatory body which will be a single-window clearance system for genetically modified crops in the country.