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India has become a primary target for biotechnology companies like Monsanto and Cargill to spread their genetically-modified (GM) crops into new markets. However, a recent France 24 report explains that the Indian government has decided to take an offensive approach against this attempted agricultural takeover by suing Monsanto for "biopiracy," accusing the company of stealing India's indigenous plants in order to re-engineer them into patented varieties.
Brinjal, also known in Western nations as eggplant, is a native Indian crop for which there are roughly 2,500 different unique varieties. Millions of Indian farmers grow brinjal, which is used in a variety of Indian food dishes, and the country grows more than a quarter of the world's overall supply of the vegetable.
And in an attempt to capitalize on this popular crop, Monsanto has repeatedly tried to commercially market its own GM variety of brinjal called Bt brinjal. But massive public outcry against planned commercial approval of Monsanto's "frankencrop" variety in 2010 led to the government banning it for an indefinite period of time.
Originally posted by KySc5
Nice thread. Wow first Occupy Wall Street, now India and plenty more people saying NO to these hotshots.....I smell progress.
Monsanto
Soros' hedge fund bought 897,813 shares (valued at $312.6 million) of Monsanto during the third quarter of 2010.[43]
The Monsanto Company is a U.S.-based multinational agricultural biotechnology corporation. It is the world's leading producer of the herbicide glyphosate, marketed as "Roundup." Monsanto is also the leading producer of genetically engineered (GE) seed; it provides the technology in 90% of the world's GE seeds.[44] It is headquartered in Creve Coeur, Missouri.
S510, the Food Safety Modernization Act, if and when it is passed, will create an investment windfall for Soros who is the second largest holder of Monsanto stock. S510 is not really about food safety, it is about government control over everything connected to food in the US including seed stock.[45]
The value of billionaire investor George Soros’ hedge fund increased by 31.6% to $6.7 billion at the end of the third quarter compared with the previous quarter, as he boosted his stake in blue-chip stocks AT&T Inc. and Monsanto, according to a regulatory filing late Monday.
. . .
Soros also purchased 897,813 shares of Monsanto–his second-largest holding on a dollar basis–during the quarter. The position is now valued at $312.6 million.
Originally posted by TechUnique
Originally posted by KySc5
Nice thread. Wow first Occupy Wall Street, now India and plenty more people saying NO to these hotshots.....I smell progress.
Revolution is indeed in the air!
The question.. is it too little too late?
I remain hopeful.edit on 26/10/2010 by TechUnique because: (no reason given)
Originally posted by KySc5
Nice thread. Wow first Occupy Wall Street, now India and plenty more people saying NO to these hotshots.....I smell progress.
Karma will always get you in the end.
I don't actually have any problem with GM if you take away the malicious business practices employed by those that create the seeds, which Monsanto is infamous for...