PANAJI

Speaking at the ongoing Start-up India Global Venture Capital Summit, Union Minister for Commerce and Industry Suresh Prabhu said, “India has a very unique system. Almost all the land used by agriculture is privately owned 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 greater yield with new technologies coming in, new support coming in,” Prabhu said.

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

“We have almost done the gap analysis. We have understood the gap that exists and stops industries 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.