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Monsanto seeks time to respond to CCI probe on it abusing dominant position in India

Monday, July 29, 2019, 8:43 PM

American multinational Monsanto's Indian joint venture has sought another six weeks to respond to the Competition Commission of India on alleged abuse of its dominant position in the Bt cotton seeds market. The investigation arm of the antitrust watchdog had said Mahyco Monsanto Biotech was charging unfair licence fees and entering pricing agreements to overcharge farmers for the seeds.