In order to support the export startups, the government has set up an incubation cell at the Indian Institute of Foreign Trade (IIFT).
The initiative is named as ‘Knowledge for Innovation in Trade and Technology for Entrepreneurial Startups’ (KITTES). It is dedicated to startups who plan to expand their business in the international markets.
MSME Minister Kalraj Mishra said that the cell would enable young entrepreneurs to get expert advice and technical guidance towards expanding their existing domestic business to foreign markets, at one point.
KITTES will be run by the Centre of MSME Studies at IIFT (Delhi). It will be supported by an advisory body consisting of industrialists, venture capitalists, technical specialists and managers established to help entrepreneurs realise their dreams through a range of infrastructure, business advisory, mentoring and financial services.
Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.