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Suresh Prabhu urges start-ups to boost India's agricultural yield

IANS  |  Panaji 

India's predominantly small agricultural holdings present a unique opportunity for budding start-ups to explore ways and means to increase from small parcels of farmland using technology, and Industry said on Friday.

Speaking at the Start-up Global Venture Capital Summit here, said, "has a very unique system. Almost all the land used by agriculture is privately owned, very small segmented holdings, and that is why we have an opportunity to increase the yield with a different kind of approach.

"There is an opportunity for start-ups. How to make a small holding produce coming in, new support coming in."

also said that the central government had conducted an extensive gap analysis exercise to enable industry, service and agricultural sectors to achieve more.

Also, the government is putting in place new policies and administrative solutions in order to boost growth to a new level.

"We have almost done the gap analysis. We have understood the gap that exists for industries not growing to optimum level, services not realising their true potential, agriculture not reaching the height that they deserve to reach and all those gap analysis we have addressed through policy, administrative methods and everything else," Prabhu said.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 14:34 IST
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