The Department for Promotion of Industry and Internal Trade (DPIIT) has signed an MoU with the Bhaane Group, a subsidiary of Shahi Exports Pvt Ltd, the largest apparel manufacturer. This partnership will introduce incubation programs for startups focused on manufacturing and other production sectors, while also encouraging connections with global startup ecosystems. This initiative is part of the government’s effort to support new manufacturing entrepreneurs in the country.
With its vast experience, the private firm will assist emerging startups by offering market insights. It will help them gain a comprehensive understanding of foreign markets and provide operational guidance throughout the startup journey.
Shri Sanjiv, Joint Secretary of DPIIT, stated, “This collaboration serves a greater purpose – to nurture a thriving entrepreneurial ecosystem and strengthen India’s manufacturing sector. By connecting startups with established companies like Bhaane Group, we create a mutually beneficial environment where innovation can thrive and Indian businesses can achieve global success.”
Anand Ahuja, CEO and Co-Founder of Bhaane Group, remarked, “Global brands are looking to invest in Indian startups, as India is a key player in the South Asian market. DPIIT’s mission with Start Up India aligns with our goal to promote innovation and enhance the global competitiveness of Indian startups.”