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20.01.2018 |

Dr Vandana Shiva submits objection to Bayer-Monsanto Merger

Press Statement - Monsanto is pretending to have sold business to a four year old company Tierra Agrotech with a paid up capital of 1 lakh rupees. This needs urgent investigation: Dr Vandana Shiva

New Delhi, January 20, 2018: Raising objections to the proposed merger between Monsanto and Bayer, Dr Vandana Shiva on Saturday submitted her comments and objections to the Competition Commission of India through an email and courier.

Bayer-Monsanto merger if comes through will be the largest cash acquisition. It is pegged at USD 66 Billion. Not only will it have a huge impact on the agri-business of the Europe and United States, but will have consequences globally for farmers and citizens. The proposed merger is perhaps one of the biggest convergences of agribusiness and pharmaceuticals which will adversely affect competition and free trade not only in India but the world.

Speaking in this context Dr. Shiva said:”The Bayer Monsanto merger is not arithmetic issue of economic concentration. It is a political issue. If the mergers go through, it will be spelling the end of peoples’ rights, democracy and constitutional safeguards. In 20 years time Monsanto has illegally captured the cotton seed sector violating biosafety laws and corrupting regulatory agencies.”

She said, “Indian farmers have suffered for Monsanto’s profits and their Bt cotton has left a legacy of poison and death all over the cotton belts of India. Bt cotton which claimed to control pest has failed and now farmers are also dying because of pesticide poisoning.”

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