In a major boost to India’s manufacturing startup ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) has signed a memorandum of understanding (MoU) with US retail giant Walmart.

The partnership is aimed at supporting and empowering startups, along with micro, small, and medium enterprises (MSMEs) from Tier II and III cities, said Sanjiv Singh, joint secretary at DPIIT, ministry of commerce & industry, in a LinkedIn post today (January 8).

As part of the initiative, the DPIIT in collaboration with Walmart will provide strategic support, mentorship and training to manufacturing startups, enabling them to compete at the national as well as international level, he added.

Singh further said that the move reiterates the Centre’s commitment to creating a thriving entrepreneurial ecosystem in the country by facilitating access to global supply chains, advanced mentorship and innovative resources.

(The story will be updated soon)

The post appeared first on .