HCLSoftware and DPIIT Collaborate to Strengthen India's Startup Manufacturing Sector

Nitin Konde, Varun Bhardwaj

29 Oct 2024 — 2 min read

HCL Software & DPIIT Partner to Boost India’s Startup Manufacturing

As part of its Manufacturing Incubation Initiative, the Department for Promotion of Industry and Internal Trade (DPIIT) recently announced a collaboration with HCLSoftware, a leading global provider of software solutions.

By encouraging cooperation between governmental and corporate institutions, especially in the field of manufacturing innovative products, this effort seeks to propel India's startup manufacturing ecosystem. At New Delhi's Vanijya Bhawan, the announcement was made.

Supporting New Business Ideas Through Startup India

The partnership between DPIIT and HCLSoftware is a part of the Startup India initiative, which seeks to provide a setting in which industry participants are essential to the development of new manufacturing enterprises. With more than 80 MoUs inked so far with different industry stakeholders, DPIIT has laid the groundwork for startups to receive vital industry support.

Participating startups will gain access to HCLSoftware's HCL Sync program, which will give them exposure to the worldwide market and a chance to market their goods abroad.

In Keeping With the Goal of the Indian Government

The collaboration supports the Indian government's objective of establishing the nation as a significant centre of production. The three primary goals of this initiative are to: (1) support the growth of Indian intellectual property by assisting startups in developing distinctive, India-specific products and solutions; (2) enhance product quality by giving startups the resources and know-how required to satisfy international standards; and (3) establish a robust manufacturing ecosystem by linking startups with suppliers to form a full manufacturing value chain.

Sanjiv Singh, the joint secretary of DPIIT, underlined the value of this collaboration in creating a sustainable manufacturing ecosystem and how HCLSoftware's experience aligns with DPIIT's mission. According to Singh, this partnership would foster Indian innovation and give regional companies a better international presence.

Through programmes like Startup India, he reaffirmed DPIIT's dedication to advancing the manufacturing environment and making India a significant player on the world arena.

The collaboration with HCLSoftware is to boost Indian businesses by giving them access to cutting-edge digital technology and international markets, said Dr. Sumeet K. Jarangal, Director of Startup India. This funding will help the industry flourish and allow manufacturing companies to achieve success in design, development, and marketing, Dr. Jarangal added.

According to HCLSoftware Chief Product Officer Kalyan Kumar, this collaboration marks a turning point in India's industrial history. He reaffirmed HCLSoftware's dedication to giving startups the fundamental resources and assistance they require, from design and development to marketing, thereby making a substantial contribution to India's goal of becoming a major player in the world of manufacturing.