DPIIT joins hands with ITC to bolster India's startup ecosystem and innovation
The Memorandum of Understanding (MoU) sets the tone for a dynamic partnership where ITC's vast experience and expertise with an extensive market network will complement DPIIT's initiative for supporting startups across the country.
ANI
Jan 15, 2025 13:17 IST
New Delhi [India], January 15 (ANI): The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has entered into a strategic partnership with ITC Limited, one of India's leading diversified conglomerates.
This collaboration charts a shared vision to accelerate startup growth and technological advancement besides creation of viable market opportunities for startups across the country.
The Memorandum of Understanding (MoU) sets the tone for a dynamic partnership where ITC's vast experience and expertise with an extensive market network will complement DPIIT's initiative for supporting startups across the country.
Under this partnership, ITC is looking to deploy startup solutions in key areas such as digital platforms for Manufacturing Execution Systems (MES), integrating renewable energy opportunities for manufacturing locations, energy storage systems, etc.
Highlighting this pro-startup initiative, Joint Secretary, DPIIT Sanjiv said, "It aligns closely with the Government of India's flagship programs, including Startup India, Make in India, and AatmaNirbhar Bharat. Moreover, it t is also a key step in contributing to Vision 2047 by promoting inclusive and sustainable growth through innovation-led entrepreneurship."
"We look forward to fostering scalable solutions and transformative growth to ensure a conducive environment for Startups," added Sanjiv.
Briefly outlining the perspective of this strategic collaboration, Director, Startup India, Dr Sumeet Kumar Jarangal said, "It reflected an unwavering commitment to ensure hassle-free market access to Startups in terms of unbound opportunities to work out viable solutions as per business requirements of the organisation through ITC's extensive network and rich experience."
Meanwhile, Anil Rajput, President, ITC Corporate Affairs mentioned, "The MoU will create value for both the startups and ITC. 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. (ANI)
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