The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a MoU with the Bhaane Group, a subsidiary of Shahi Exports Pvt Ltd, India’s largest apparel manufacturer. This strategic partnership aims to promote the country’s startup ecosystem in the manufacturing sector and foster relationships with international startup ecosystems.
Strengthening the Manufacturing Landscape
The collaboration aims to launch specialized incubation programs for startups in manufacturing and related production sectors.
Bhaane Group will use its expertise in the apparel and export industry to offer startups valuable market insights. The initiative also aims to guide startups with operational support to help streamline their processes. Startups will gain a deeper understanding of global markets, equipping them to compete effectively on an international level.
“This collaboration serves a greater good — to nurture a thriving entrepreneurial spirit and strengthen India’s manufacturing landscape,” said Shri Sanjiv, Joint Secretary, DPIIT. He emphasized that the partnership would create a mutually beneficial ecosystem, fostering innovation and enabling Indian businesses to achieve global success.
Global Competitiveness for Startups
Anand Ahuja, CEO and Co-Founder of Bhaane Group, highlighted the potential for Indian startups to attract global investments. “DPIIT’s mission with Start Up India aligns with our vision of fostering innovation and global competitiveness among Indian startups,” Ahuja said. The initiative will also help position India as a key player in the South Asian market.
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Driving Innovation and Collaboration
The program aligns with the government’s mission to empower Indian startups and drive economic growth through localized manufacturing solutions.
This MoU marks a key step in building a vibrant startup ecosystem in India’s manufacturing sector. It aims to help entrepreneurs scale their operations and compete effectively in global markets.
