Shree cement signs mou with dpiit


Shree Cement has signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to support startups in India's manufacturing sector. This collaboration is a strategic initiative aimed at fostering innovation, growth, and sustainable development within the industry. The MoU reflects Shree Cement's commitment to driving forward the country’s manufacturing capabilities by providing guidance, financial support, and industry expertise to emerging startups.

The initiative aligns with the government's "Make in India" vision, which encourages domestic manufacturing and aims to build a self-reliant economy. Through this partnership, startups will have access to Shree Cement’s vast industry experience, network, and resources, enabling them to scale their operations and develop innovative solutions. This move is expected to generate new job opportunities, enhance local production, and reduce dependency on imports, strengthening the nation's industrial ecosystem.

Shree Cement will focus on key areas such as process improvement, technology adoption, and sustainable practices, encouraging startups to introduce eco-friendly and efficient manufacturing solutions. The partnership is also designed to facilitate the use of emerging technologies like artificial intelligence (AI) and machine learning (ML) in manufacturing operations, driving modernization across the sector.

This MoU marks a significant step toward encouraging innovation in the Indian manufacturing landscape, providing a boost to startups while enhancing industry capabilities. With Shree Cement’s support, aspiring entrepreneurs will gain the necessary tools to overcome challenges and contribute meaningfully to the sector's growth.

Related Stories

Shree Cement Q2 Profit Drops 81 Margins Fall 319 bps

EBITDA was reported at Rs 5.90 billion, down from Rs 8.70 billion in the same quarter of the previous.

Shree Cement and DPIIT Sign MoU to Boost Manufacturing Start-Ups

Shree Cement will work closely with DPIIT to create an environment conducive to innovation and growth for product start-ups.

Indian cement makers to invest $ 14.3 bn

The bulk of this growth will come from the top-three cement producers--Ultratech, Ambuja and Shree Cement