Empowering Indian Startups: DPIIT and Hafele Join Forces
The DPIIT has signed an MoU with Hafele India to boost manufacturing startups. The partnership will focus on product innovation, local sourcing, and entrepreneurship. It will offer startups infrastructure, supplier development, technical collaboration, and market access. This aligns with the Make in India initiative for sustainable growth.
- Country:
- India
The Department for Promotion of Industry and Internal Trade (DPIIT) has announced a strategic partnership with furniture sector giant Hafele India, aiming to bolster India's manufacturing startup landscape.
Their Memorandum of Understanding (MoU) is set to catalyze product innovation, promote local sourcing, and foster entrepreneurial growth through targeted investments, mentorship, and integration into global value chains.
This initiative will provide startups and MSMEs with expanded infrastructure access, supplier development opportunities, technical collaboration, and market access, complementing the Make in India vision for sustainable manufacturing growth.
(With inputs from agencies.)
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