Asia, India, China, Russia

PepsiCo officially withdraws one of three lawsuits filed against Indian farmers

According to a report published by BloombergQuint, PepsiCo India withdrew one of the lawsuits it had filed against Gujarat farmers for allegedly growing a variety of potato for which the food and beverages giant claimed to have secured exclusive rights.

“The plaintiff wishes to withdraw the captioned matter relying on its discussions with the government to find a long-term and an amicable solution of issues around its seed protection,” PepsiCo reportedly told the court.

In a letter to the Ministry of Agriculture, 194 signatories had apparantly sought financial aid and protection of rights of farmers sued for growing and selling the FC-5 potato variety for which PepsiCo claimed to have obtained “exclusive rights in the country in 2016”.

Read the full report on BloombergQuint here