Consider the following statements regarding genetically modified cotton in India:

1. India currently permits cotton hybrids containing only the cry1Ac and cry2Ab Bt genes.

2. The cp4-epsps gene found in unapproved hybrids confers tolerance to the herbicide glyphosate.

3. The Genetic Engineering Appraisal Committee functions under the Ministry of Agriculture and Farmers Welfare.

How many of the above statements are correct?