NEW DELHI - US-based seed and agro-chemicals company, Monsanto, has withdrawn an application in which it sought approval for its next generation of genetically modified cotton seeds in India. The decision follows a dispute between the seed-maker and the Indian authorities over Indian plans to introduce further price controls over its products. India is Monsanto's largest market outside the Americas, however, the company objects to Indian government proposals that would effectively force Monsanto to share its technology with local seed companies. Monsanto is also in disagreement with India over how much it can charge for its GM cotton seeds.
