Monsanto India Limited is a subsidiary of Monsanto established in 1949 in Mumbai. It is an agribusiness and biotechnology company. Monsanto aims to help farmers double corn, soybean, and cotton yields from 2000 to 2030 through its Sustainable Yield Initiative while reducing the use of key resources like water and land per unit of output. It is committed to making farmers of all sizes, including over 5 million resource-poor families, more productive. As part of this initiative, Monsanto pledged $10 million towards rice and wheat research. Success in agriculture requires ongoing research rather than miracles, as the plant biologist Norman Borlaug noted.