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Is Pepsi sues farmers for growing potatoes?

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Is Pepsi sues farmers for growing potatoes?

Pepsi has sued the farmers for cultivating the FC5 potato variety, grown exclusively for its popular Lay’s potato chips. The FC5 variety has a lower moisture content required to make snacks such as potato chips. The company is seeking more than 10 million rupees ($142,840) each for alleged patent infringement.

Why did Pepsi sue farmers?

PepsiCo has sued nine farmers from Sabarkantha and Aravalli districts in Ahmedabad commercial court and Modasa district court for allegedly growing a variety called FC-5 potato for which the company has claimed PVP rights. It has sought damages of up to Rs 1 crore.

What is PepsiCo case?

The hot potato case In April 2019, PepsiCo sued nine Gujarat farmers for cultivating the same potato variety, accusing them of infringing its intellectual property rights (IPR).

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Which state farmers seek compensation from PepsiCo for harassment?

Calling for an “unconditional” withdrawal of its legal case, sued potato growers in Gujarat on Friday said that they have sought compensation from PepsiCo India Holdings Ltd. (PIH) for harassment caused to them due to the lawsuit.

Does PepsiCo own farms?

In 2020, we expanded the number of Demonstration Farms to more than 350 globally. More than 80\% of these farms are adopting regenerative farming practices. PepsiCo has plans to further expand the network and the number of farms showcasing these practices.

Who is the owner of Pepsi?

PepsiCo
The Pepsi Bottling Group/Parent organizations

What PepsiCo did in Gujarat?

Published: Wednesday 27 November 2019. Farmers in Gujarat have sowed a variety of potato seeds registered by multinational PepsiCo, in a symbolic protest against the food and beverage corporation, a farmer leader told Down To Earth (DTE).

Can Plant Variety be patented in India?

Seed varieties cannot be patented in India. The Protection of Plant Varieties and Farmers’ Rights (PPV&FR) Act allows protection of plant varieties for some years if they are found to be distinct, uniform and stable.

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Is PepsiCo a private or public company?

After 39 years trading on the New York Stock Exchange, PepsiCo moved its shares to Nasdaq on December 20, 2017.

Who is the new CEO of PepsiCo?

Ramon Laguarta (Oct 3, 2018–)
PepsiCo/CEO
The company also appointed Ram Krishnan, currently serving as Chief Commercial Officer, to the newly created role of CEO, International Beverages and Chief Commercial Officer. Both executives will report to PepsiCo Chairman and CEO, Ramon Laguarta.