India's predominantly small agricultural holdings present a unique opportunity for budding start-ups to explore ways and means to increase crop yield from small parcels of farmland using technology, Union Minister for Commerce and Industry Suresh Prabhu said on Friday.
Speaking at the Start-up India Global Venture Capital Summit here, Prabhu said, "India 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.
"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.
(With inputs from agencies.)