Collaboration to nurture thriving entrepreneurial spirit, says Sanjiv
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a MoU with Bhaane Group to launch incubation programs for startups specialising in manufacturing as well as production and fostering relationships with international startup ecosystems makeinindia .
This is a part of government’s thrust on promoting new manufacturing entrepreneurs in the country, the Commerce and Industry Ministry said on 24 Jan.
Through its extensive experience, the private firm will support upcoming startups by providing access to market insights. The firm will facilitate them to create a holistic understanding of the workings of foreign markets, along with guidance on operational knowledge throughout the startup lifecycle https://www.commerce.gov.in/.
DPIIT Joint Secretary Sanjiv said, “This collaboration serves a greater good – to nurture a thriving entrepreneurial spirit and strengthen India’s manufacturing landscape. By facilitating connections between startups and established players like Bhaane Group, we foster a mutually beneficial environment where innovation flourishes and Indian businesses achieve global success.”
Anand Ahuja, CEO and Co-Founder of Bhaane Group said, “Global brands are eyeing investing in Indian startups, as it is one of the leading players in the South Asian market. DPIIT’s mission with Start Up India aligns with our outlook to foster innovation and global competitiveness among Indian startups.”
Bhane Group is a subsidiary of Shahi Exports Pvt Ltd, the largest manufacturer of apparel in the country. Fiinews.com
