DPIIT and Bhaane Group have signed an MoU to launch incubation programmes for manufacturing startups, fostering ties with international ecosystems.
Shahi Exports’ subsidiary will offer market insights and operational guidance.
The initiative aims to boost Indian manufacturing entrepreneurs.
CEO Anand Ahuja highlighted global interest in Indian startups, aligning with startup India’s mission.
India’s Department for Promotion of Industry and Internal Trade (DPIIT) and Bhaane Group, a subsidiary of Shahi Exports Pvt Ltd, have signed a memorandum of understanding (MoU) to launch incubation programmes for startups specialising in manufacturing and other production areas and foster relationships with international startup ecosystems.
This collaboration is part of the government’s thrust on promoting new manufacturing entrepreneurs in the country. Through its extensive experience, the private firm, the largest manufacturer of apparel, will support upcoming startups by providing access to market insights. The firm will facilitate them to create a holistic understanding of the workings of foreign markets, along with guidance on operational knowledge throughout the startup lifecycle, the Ministry of Commerce and Industry said in a press release.
“Global brands are eyeing investing in Indian startups, as it is one of the leading players in the South Asian market. DPIIT’s mission with start-up India aligns with our outlook to foster innovation and global competitiveness among Indian startups,” said Anand Ahuja, chief-executive officer (CEO) and co-founder of Bhaane Group.
