Seeds of discord
Article Abstract:
Cargill Seeds India and other foreign firms are marketing new seeds whose higher yields may enable Indian farmers to end the recent slow-down in agricultural production. However, some farmers fear that the seed firms plan to control India's agricultural gene stock through international patent rules and then to force farmers to pay high prices for the needed seeds. These suspicions prompted farmers in Bangalore, India to ransack Cargill Seeds' office on Dec 29, 1992. Cargill Seeds describes the farmers' fears as baseless and expects a profitable year in 1993 despite the attack.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Dispute stalls salt project
Article Abstract:
Cargill Inc, a US agribusiness corporation, has proposed building a new salt-evaporation complex in the Gulf of Kutch, Gujarat state, northwestern India. Cargill hopes that the $25 million plant, to be sited on 6,000 hectares of intertidal land, will generate salt for export to East Asia, will bring in $10 million annually for India and will provide work for 1,500-3,000 people. The Indian government approved the project after Cargill first proposed it in Jul 1992. However, opponents of foreign investment have persuaded local authorities to block the project.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Troubled tycoons: industrialists fear takeovers by foreign investors
Article Abstract:
Indian captains of industry are concerned about economic reforms which could lead to takeovers by foreign investment funds. The funds have recently been allowed to do business in India. A dozen industrialists met on Sep 22, 1993 to discuss the expansion of reforms and foreign investments while improving their own positions. Attendee Lalit Thapar said that the Indian government has pursued a policy of keeping capitalists down and preventing them from accumulating funds.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Seeds of friendship: four neighbours forge tentative partnership. Anxious neighbours
- Abstracts: Industrial disease: strikes on the rise at foreign-owned factories. Green fees: environmentalists oppose a new golf course
- Abstracts: Ayodhya backlash: the BJP plans to force early elections. Saffron nationalism: minorities fear upsurge of Hindu revivalists
- Abstracts: President's choice: new premier is first ever non-mainlander. Trial by democracy: nomination hearings put premier to the test
- Abstracts: Wider please: the EC tries new tack to open South Korean market. Softly, softly: EU wants closer ties with China