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DPIIT, Moglix to boost manufacturing innovation
ECONOMY & POLICY

DPIIT, Moglix to boost manufacturing innovation

The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a Memorandum of Understanding with Moglix, Asia’s leading B2B e-commerce platform, to launch an incubation initiative to drive innovation in India's manufacturing sector. This partnership supports India’s "...

The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a Memorandum of Understanding with Moglix, Asia’s leading B2B e-commerce platform, to launch an incubation initiative to drive innovation in India's manufacturing sector. This partnership supports India’s Viksit Bharat (developed India) vision, assisting over 25 startups from diverse industries such as chemicals, automotive, infrastructure, and green energy. Throughout the 12-month program, the start-ups will access Moglix's extensive mentor network, supply chain infrastructure, and financial backing through Credlix, Moglix’s nonbanking financial company arm. DPIIT will enhance the program’s impact by leveraging the Startup India ecosystem, facilitating resource-sharing and broader outreach. The program will help boost India's manufacturing sector's GDP contribution and facilitate startups' expansion into international markets.

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