The difference in cotton production between Pakistan and India of Monsanto Technology and how the significant difference in the volume of cotton production between Pakistan and India came into effect in the meeting
Multan (Pakistan Point News - 6th April, 2021) Regional Committee for Cotton and Textiles, led by former President FPCCI and Chairman of the Businessmen Panel Mian Anjum Nisar, called on Muhammad Asim, in-charge of Monsanto and Bayer Crop Science Regulatory Science Team Pakistan at his Lahore office.
The difference in cotton production between Pakistan and India of Monsanto Technology and how the significant difference in the volume of cotton production between Pakistan and India came into effect in the meeting.
Pakistani cotton production has not been even a quarter of the Indian cotton. India using Monsanto technology increased its cotton production from 10 million bales to 40 million bales and Pakistan still has 5.6 million bales of cotton.
During the meeting, the committee was briefed on the details of Monsanto's dealings with the Pakistani government in different periods since 2007 and said that their affairs in Pakistan could not move forward if the legal requirements were not met.
Muhammad Asim also briefed about the affairs of Snefa, a company set up by five major textile groups in Pakistan
Chairman Anjum Nisar said that due to the decline in cotton production we are losing billions of Dollars in foreign exchange which is a tragedy. He said he would try to take the matter further by talking to the government and Snefa. Federation of Pakistan Chamber of Commerce and Industry will make every effort to increase cotton production.
He said that Finance Minister Shaukat Tarin has sought budget suggestions from the FPCCI which we appreciate. Convener Committee on Cotton and Textiles will continue its efforts to formulate policy in the light of the recommendations of Malik Talat Sohail and to address the challenges facing the cotton ginning sector so that our economy can recover. He said that FPCCI was continuing cotton awareness campaign with landlords to increase cotton production. The visiting delegation also included Dr. Qaiser Rashid, Khawaja Muhammad Shoaib, Mian Akhtar Javed, Chaudhry Abdul Ghaffar and Zafar Hussain Wagah.