The ministry of commerce and industry said in a statement on 26 February that the Department for Promotion of Industry and Internal Trade (DPIIT) and digital payments company Paytm have inked a memorandum of understanding (MoU) to promote innovation and quicken the expansion of fintech and manufacturing startups in India.
National Startup Day
This year, India marks nine years of Startup India, a transformative journey that began in 2016. National Startup Day honours how entrepreneurs and startups are reshaping economies and societies. It celebrates creativity, tenacity, and innovation while emphasising the role that entrepreneurs play in advancing technology and environmentally friendly solutions. The
In an effort to further promote the third-largest startup ecosystem globally, the recently established Startup Policy Forum (SPF) has partnered with the Department for Promotion of Industry and Internal Trade (DPIIT). Through this partnership, the two organisations hope to increase manufacturing capacity in India, promote innovation, accelerate technology adoption, and
The Ministry of Commerce & Industry said on 25 December that over 73,000 Indian enterprises had at least one female director, as certified under the Startup India initiative. In a statement, the ministry emphasised that this amounts to almost half of the 157,066 businesses that the government has
According to the state government, Tamil Nadu has achieved a noteworthy milestone by registering more than 10,000 startups with the Department for Promotion of Industry and Internal Trade (DPIIT). The increase in registrations demonstrates the expansion of the startup ecosystem in the state, which has advanced significantly in the
To support manufacturing startups, the Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with SaaS giant Tally Solutions and HDFC Bank by signing a memorandum of understanding (MoU). Tally will provide training, case studies, and expert-led sessions to assist the chosen new-age tech companies in streamlining operations,
On December 17, the government told the Parliament that more than 1.63 lakh direct jobs had been created in Bengaluru by more than 13,000 startups approved by the Department for Promotion of Industry and Internal Trade (DPIIT). In response to a question in the Lok Sabha, Jitin Prasada,
E-commerce giant Flipkart has teamed up with the Department for Promotion of Industry and Internal Trade (DPIIT) to invest in and coach up-and-coming entrepreneurs in the nation in an effort to support the domestic startup ecosystem. Flipkart will support early-stage entrepreneurs through Flipkart Leap and Ventures, its startup accelerator, in
A Memorandum of Understanding (MoU) has been inked by the Commerce Ministry's Department for Promotion of Industry and Internal Trade (DPIIT) and B2B e-commerce platform Moglix to offer manufacturing firms 12-month incubation support. More than 25 growth-stage firms in the automotive, green energy, chemicals, and infrastructure industries will
The Reserve Bank of India (RBI) has announced the updated Foreign Exchange Management Regulations, 2024, to make it easier for startups to conduct business. The November 19 modifications open the door for the updated FX rules to incorporate the Department for Promotion of Industry and Internal Trade's (DPIIT)
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
The Department for Promotion of Industry and Internal Trade (DPIIT) and Johnson Controls-Hitachi Air Conditioning India Ltd. have inked a Memorandum of Understanding (MoU) to build an incubator to assist businesses in Gujarat that are focused on manufacturing. In terms of Johnson Controls-Hitachi Air Conditioning India's dedication to
The Department for Promotion of Industry and Internal Trade (DPIIT), which is part of the Ministry of Commerce and Industry, is planning to establish a revolutionary digital platform to enhance India's startup ecosystem. The Bharat Startup Knowledge Access Registry (BHASKAR) initiative is a platform that is designed to
startups in india
With the increased count of startups in India, the Government has put forward a flagship program to empower the startups, which is known as Startup India Scheme , which launched in 2016. As a developing nation, it's crucial to expand the economy whose best possible method is to fund