DPIIT Inks Pacts With Over 50 Firms To Promote Manufacturing, Innovation Ecosystem For Startups

Firms, which have entered into MoUs with the DPIIT, include boAT, HDFC Capital Advisors, Hero Moto, Zepto, Kotak Mahindra Bank, Yes Bank, Paytm, Walmart, and Ather Energy (Image: Mercedes-Benz AG) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Department for Promotion of Industry and has so far inked pacts with over 50 firms, including ITC, Flipkart, and Mercedes-Benz, to promote a manufacturing and innovation ecosystem for startups, an official said.

The department has proactively reached out to a number of large corporates, industry associations, veterans, and unicorns to emphasise the importance of setting up manufacturing incubators and the benefits of active collaboration with manufacturing startups.

"So far, the department has inked memorandum of understanding