DPIIT Signs MoUs with Over 50 Firms to Boost Manufacturing and Startup Innovation Ecosystem.

The Department for Promotion of Industry and Internal Trade (DPIIT) has signed memorandums of understanding (MoUs) with more than 50 companies, including ITC, Flipkart, and Mercedes-Benz, to foster a robust manufacturing and innovation ecosystem for startups, a senior official said.

As part of its initiative, the department has been actively engaging with large corporates, industry associations, veterans, and unicorns to highlight the importance of setting up manufacturing incubators and the advantages of collaborating with manufacturing-focused startups.

“So far, the department has inked MoUs with over 50 firms for this purpose,” the official added, underscoring DPIIT’s continued efforts to accelerate India’s startup-driven industrial growth.