This article argues for viewing the issue of regulation of transgenic plant
s in India from both the economic and biosafety angles. The article argues
that transgenic products could meet with resistance from the market place i
n India due to complex patterns of demand amongst farmers for new cultivars
. This aspect coupled with the policy and law framework have the potential
of providing adequate checks and balances on oligopolistic tendencies of bi
otech companies, transnational or domestic. Also discussed are certain lacu
nae in India's policy-legal framework which need to be addressed for conver
ting the potential into realisable results.