Bollgard III, a three-gene Bt cotton technology, will help farmers to earn better returns as it would enable them to increase their productivity from the same acreage, decrease their expenses on pesticides sprays and use resources efficiently. The new technology, which is still in regulatory phase, is being developed by Mahyco Monsanto Biotech, a 50:50 Joint Venture between Mahyco and Monsanto Holdings Private Limited. MMB currently markets Bollgard and Bollgard II Bt cotton technologies to seed companies.