by Sanjeeb Mukherjee
Bt cotton has doubled the seed industry and
boosted the fortunes of Indian seed firms. For the boom to continue,
yields need to improve and regulation mechanisms strengthened.
In
the last 10 years, Bacillus thuringiensis (Bt) cotton and its impact on
farmers has perhaps been the most talked about topic in Indian
agriculture since the ‘Green Revolution’ of the 1960s and 1970s. Not
only has farmers’ income from growing Bt cotton risen by almost 67 per
cent in the last one decade- the crop was first introduced in 2002-but
Bt has made India a front-ranking, cotton-growing country of the world.
Almost
95 per cent of India’s total cotton production of over 32 million bales
today comes from Bt cotton (1 bale=170 kilograms). From being a lowly
fifth-largest cotton producer largely known for its low-quality fiber,
India is now the world’s second-largest grower of cotton, only behind
China, clocking an average annual output of around 30 million bales.
The
surge in Bt Cotton has ushered another equally important development -
the coming of age of Indian seed companies whose fortunes have
flourished alongside the boom in Bt Cotton. Be it Ankur Seeds of Nagpur,
Ajeet Seeds of Aurangabad, Rasi Seeds in Tamil Nadu or Kaveri Seeds of
Hyderabad; all of these companies have grown their businesses manifold
ever since Bt technology was introduced in India. Some others like
Advanta Seeds of Hyderabad and Delhi-based Kohinoor Seeds Field India
have even expanded their operations into Europe, Africa and Asia.
Business Standard
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