The Policy Commission said in recommendations this week to the government, and seen by Reuters, that adopting new technology is one of the most important drivers of farm productivity.
Cotton is the only GM crop currently allowed to be sold in the world's second most populous country where arable land is shrinking. U.S. company Monsanto Co dominates the cotton seed market in India, and often faces resistance from local companies over its dominant position.
"There is some concern that GM seeds can be monopolised by multinationals, which may then exploit farmers," the commission said in its report to the government. "But this concern is readily addressed by limiting GM seeds to those varieties discovered by our own institution and companies."