
The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce & Industry, has entered into a strategic partnership with ITC Limited to bolster India’s startup ecosystem and innovation landscape. The collaboration, announced on January 15, 2025, aims to promote entrepreneurship, technological advancement, and market opportunities for startups across the country.
Key Highlights of the Partnership:
- Focus Areas:
- Development of digital platforms for Manufacturing Execution Systems (MES).
- Integration of renewable energy solutions at manufacturing locations.
- Advancement in energy storage systems.
- Supporting scalable and transformative startup solutions.
- Vision and Alignment:
- This initiative aligns with flagship government programs such as Startup India, Make in India, and AatmaNirbhar Bharat.
- It contributes to India’s Vision 2047 by fostering inclusive and sustainable growth through innovation-led entrepreneurship.
- Benefits:
- ITC’s extensive market network and operational expertise will complement DPIIT’s support initiatives for startups.
- The partnership aims to accelerate growth and ensure a conducive environment for entrepreneurial innovation.
Leadership Remarks:
- Mr. Sanjiv, Joint Secretary, DPIIT:
“The collaboration aligns with our government’s vision to promote scalable solutions and transformative growth. It strengthens the foundation of India’s innovation-driven economy.” - Mr. Anil Rajput, President, ITC Corporate Affairs:
“This partnership will create value for both startups and ITC. It underscores ITC’s focus on operational excellence and sustainability.”
Outlook:
The strategic alliance is set to empower startups by integrating cutting-edge solutions and fostering market opportunities. By addressing critical areas like renewable energy and digital manufacturing, the partnership seeks to drive operational sustainability and technological advancements.
This initiative marks a significant step in transforming India into a global hub for innovation and entrepreneurship.