DPIIT Inks Pact With Bhaane Group To Incubate Manufacturing Startups

DPIIT Inks Pact With Bhaane Group To Incubate Manufacturing Startups

SUMMARY

The collaboration is aimed at launching incubation programs for startups in manufacturing and other production areas, preparing them for the international market

Bhaane Group’s cofounder Anand Ahuja said, “Global brands are eyeing investing in Indian startups, as it is one of the leading players in the South Asian market.

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,” said DPIIT joint secretary Sanjiv

Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with the Bhaane Group, a subsidiary of Shahi Exports to incubate startups in the manufacturing space. 

The collaboration is aimed at launching incubation programs for startups in manufacturing and other production areas, preparing them for the international market, the commerce ministry said in a statement.

“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,” said DPIIT joint secretary Sanjiv.

Bhaane Group’s cofounder Anand Ahuja 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.”

The company will provide startups insights into foreign markets along with guidance on business operations throughout the startup’s lifecycle, the statement said.

This comes after DPIIT last week along with the commerce ministry announced a strategic partnership with ITC Limited to accelerate startup growth and technological advancement in the ecosystem. Under this, ITC will deploy startup solutions in areas like digital platforms for Manufacturing Execution Systems (MES), integrating renewable energy opportunities for manufacturing locations, among other things. 

A few days ago, DPIIT signed an MoU with professional networking platform Apna. With this collaboration, DPIIT-registered startups will have access to top-tier talent with the help of Apna. 

In the manufacturing space, DPIIT signed an MoU with US retail giant Walmart earlier this month to provide strategic support, mentorship and training to manufacturing startups, enabling them to compete at the national as well as international level.

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