World’s leading seed-player ’Monsanto’ has been developing a drought resistant genetically modified cotton variety, which could possibly be released by 2015 for commercial cultivation. ”We hope to release a drought tolerant cotton seed by the middle of next decade,” Monsanto Executive vice-president, Jerry Steiner, told reporters here on Friday. ”However, after five years we would be able to say for sure, when the variety is to be released,” he added.