INDUSTRY
DPIIT, ITC join hands to help startups with solutions in manufacturing sector
- IBJ Bureau
- Jan 16, 2025
The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a partnership with cigarettes-to-consumer goods conglomerate ITC to help startups in the manufacturing sector.
According to a memorandum of understanding (MoU) signed for the purpose, ITC’s experience and expertise with the market network will complement DPIIT’s initiative for supporting startups across the country.
Under the partnership, ITC will deploy startup solutions in key areas such as digital platforms for manufacturing execution systems, integrating renewable energy opportunities for manufacturing locations and energy storage systems.
Startup India Director Sumeet Kumar Jarangal has said that this will help provide hassle-free market access to startups, providing unbound opportunities to work out viable solutions according to their organisation’s business requirements.
“It will focus on digital for increased future-ready and operational excellence in manufacturing and in the area of renewable energy to expand ITC’s sustainability initiative,” Anil Rajput, the president of corporate affairs at ITC, has said.
DPIIT Joint Secretary Sanjiv Singh has said: “We look forward to fostering scalable solutions and transformative growth to ensure a conducive environment for startups.”
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