The prospects of the seed industry would require changes inGovernment policy, facilitating its development and removingcontrols and restrictions. In brief seed industry requires a simplepolicy and legislation.Historically, the importance of seed has been recognized sine theVedic times for increasing food production and quality. Howeverorganized production and supply of quality seed at the national levelstated in 1963 as a consequence of the introduction of hybridtechnology during 1961-65.
The release of high yield dwarf varieties of wheat and rice by themid 1960s gave further impetus to the growth of seed industry. Thisperiod also saw the constitution of the seed review team, enactment ofseeds act, 1996 for regulating the quality of seed and formation of theNational Commission of Agriculture. This was the period in which theprivate sector took significant steps into the seed business.The 1980s, witnessed two more important developments viz.,granting of permission to MRT? / FERA companies for investment in
the seed sector in 1987 and the introduction of ―NEW POLICY‖ on
seed development in 1983. The new policy on seed development whilehelping liberalize import of vegetable and flower seeds in general andseeds of other crops in a restricted manner encouraged global seedscompanies to enter the seed business of India.
CURRENT STATUS :