In a significant development for India's manufacturing ecosystem, Shree Cement has signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to promote the growth of early-stage product start-ups.
The partnership aims to provide start-ups with essential resources necessary for their success, including infrastructure, mentorship, funding opportunities, and access to markets. This support will guide them from the initial stages of prototype development to potential expansion into international markets.
According to the MoU, Shree Cement will work closely with DPIIT to create an environment conducive to innovation and growth for product start-ups, helping them establish a foothold in the competitive manufacturing sector.
Sumeet Jarangal, the DPIIT Director, emphasized that this partnership represents a significant advancement toward positioning India as a global manufacturing hub, especially within the cement industry. He remarked that this collaboration with Shree Cement would lay the foundation for a promising future for early-stage manufacturing start-ups and noted that nurturing these start-ups would strengthen India’s position in the global manufacturing landscape.
The MoU demonstrates a mutual commitment to enhancing India’s manufacturing ecosystem and aligns with the government's broader vision to promote innovation and entrepreneurship.
