DPIIT and Moglix Partner to Boost India's Manufacturing Innovation
ECONOMY & POLICY

DPIIT and Moglix Partner to Boost India's Manufacturing Innovation

The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a Memorandum of Understanding (MoU) with Moglix, Asia’s leading B2B e-commerce platform, to launch an incubation initiative aimed at driving innovation in India's manufacturing sector. This partnership is a significant step toward supporting India’s vision of a "Viksit Bharat" (developed India) and empowering startups during their growth phase.

The initiative will assist over 25 startups from diverse industries such as chemicals, automotive, infrastructure, and green energy. These startups will participate in a 12-month program, which will provide access to Moglix's extensive mentor network, supply chain infrastructure, and financial backing through Credlix, Moglix’s non-banking financial company (NBFC) arm. DPIIT will enhance the program’s impact by leveraging the Startup India ecosystem, facilitating resource-sharing and broader outreach.

Sanjiv Singh, Joint Secretary of DPIIT, emphasised the importance of startups as key drivers of economic and technological growth. He highlighted that this collaboration aligns with the government’s focus on nurturing innovation and strengthening the manufacturing ecosystem in line with India's self-reliance goals.

Rahul Garg, Founder and CEO of Moglix, described the partnership as transformative for the Indian manufacturing sector. He noted that by combining Moglix’s technological expertise with DPIIT’s strategic support, they aim to foster a sustainable, innovation-driven economy that empowers entrepreneurs and aligns with India’s ambition to become a global manufacturing leader.

This initiative, in line with Atmanirbhar Bharat, aims to equip startups with the necessary tools, investment opportunities, and collaborative resources to develop globally competitive products. The program will also help boost India's manufacturing sector's GDP contribution and facilitate startups' expansion into international markets, reinforcing Moglix's commitment to strengthening supply chains and addressing challenges faced by growth-stage manufacturers.

(CXO Today)

The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a Memorandum of Understanding (MoU) with Moglix, Asia’s leading B2B e-commerce platform, to launch an incubation initiative aimed at driving innovation in India's manufacturing sector. This partnership is a significant step toward supporting India’s vision of a Viksit Bharat (developed India) and empowering startups during their growth phase. The initiative will assist over 25 startups from diverse industries such as chemicals, automotive, infrastructure, and green energy. These startups will participate in a 12-month program, which will provide access to Moglix's extensive mentor network, supply chain infrastructure, and financial backing through Credlix, Moglix’s non-banking financial company (NBFC) arm. DPIIT will enhance the program’s impact by leveraging the Startup India ecosystem, facilitating resource-sharing and broader outreach. Sanjiv Singh, Joint Secretary of DPIIT, emphasised the importance of startups as key drivers of economic and technological growth. He highlighted that this collaboration aligns with the government’s focus on nurturing innovation and strengthening the manufacturing ecosystem in line with India's self-reliance goals. Rahul Garg, Founder and CEO of Moglix, described the partnership as transformative for the Indian manufacturing sector. He noted that by combining Moglix’s technological expertise with DPIIT’s strategic support, they aim to foster a sustainable, innovation-driven economy that empowers entrepreneurs and aligns with India’s ambition to become a global manufacturing leader. This initiative, in line with Atmanirbhar Bharat, aims to equip startups with the necessary tools, investment opportunities, and collaborative resources to develop globally competitive products. The program will also help boost India's manufacturing sector's GDP contribution and facilitate startups' expansion into international markets, reinforcing Moglix's commitment to strengthening supply chains and addressing challenges faced by growth-stage manufacturers. (CXO Today)

Next Story
Infrastructure Transport

NHAI to Upgrade Tamil Nadu Highways

To reduce congestion on key national highways in Tamil Nadu, the National Highways Authority of India (NHAI) has planned capacity upgrades for at least eight highway stretches. The improvements will include bypasses, flyovers, and four-laning in Salem, Coimbatore, Tiruppur, Nilgiris, and Cuddalore. NHAI has invited tenders to appoint consultants for preparing detailed project reports (DPRs) on these expansions. The affected highways include NH-181, NH-81, NH-532, NH-85, and NH-136. Proposed Upgrades Across Highways - NH-181 (Coimbatore-Gundlupet Route): This stretch will see four bypasses an..

Next Story
Infrastructure Transport

Ludhiana-Bathinda Highway Revived as NHAI Invites Bids

The Ludhiana-Bathinda highway project, initially stalled due to land acquisition issues, has been revived as the National Highways Authority of India (NHAI) invites fresh bids to resume construction. The project, part of the Ludhiana-Ajmer Economic Corridor, is estimated to cost Rs 24.61 billion and will be executed in two phases. Package 1, covering 30.03 km, has a budget of Rs 9.06 billion, while Package 2, spanning 45.25 km, is set to cost Rs 15.55 billion. The NHAI had previously withdrawn the project due to unavailability of land. However, intervention from Union Minister for Road Trans..

Next Story
Infrastructure Urban

Dilip Buildcon Wins Rs 460M Arbitration

Infrastructure major Dilip Buildcon has secured an arbitration award of Rs 460 million against the National Highways Authority of India (NHAI) over delays and breaches during the execution of a highway project in Karnataka. The dispute pertains to the Rehabilitation and Upgradation of the Kerala Border to Kollegala Section of NH 212, awarded to Dilip Buildcon under an Engineering, Procurement, and Construction (EPC) agreement dated June 6, 2014. The project involved two-lane expansion with paved shoulders and four-lane development under the National Highways Development Project (NHDP) Phase IV..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?