Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with the Bhaane Group, a subsidiary of Shahi Exports to incubate startups in the manufacturing space.

The collaboration is aimed at launching incubation programs for startups in manufacturing and other production areas, preparing them for the international market, the commerce ministry said in a statement.

“This collaboration serves a greater good – to nurture a thriving entrepreneurial spirit and strengthen India’s manufacturing landscape. By facilitating connections between startups and established players like Bhaane Group, we foster a mutually beneficial environment where innovation flourishes and Indian businesses achieve global success,” said DPIIT joint secretary Sanjiv.

Bhaane Group’s cofounder Anand Ahuja said, “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.”

(The story will be updated soon)

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