Representative image of an online marketplace, showing a shopping cart, boxes, and a laptop.
Credit: iStock Photo
Bengaluru: The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Moglix, a business-to-business (B2B) e-commerce platform to launch a manufacturing incubation programme. This is intended to help startups during the growth phase with tools, resources, and opportunities to catalyse their progress and help with innovation in the manufacturing sector.
Sanjiv Singh, Joint Secretary of DPIIT, said “This MoU with Moglix underscores our commitment to fostering innovation, nurturing entrepreneurship, and building a resilient manufacturing ecosystem aligned with India’s vision of self-reliance.”
This programme will support over 25 growth phase startups across industries such as chemicals, automotive, infrastructure, and green energy. They will participate in a 12-month programme offering access to Moglix’s mentor network, supply chain infrastructure, and financial support via Credlix, its non-banking financial company (NBFC) arm.
DPIIT will be in charge of the programme’s reach through the Startup India ecosystem, facilitating adoption, resource-sharing, and nationwide outreach.