DPIIT inks pacts with over 50 firms to promote mfg, innovation ecosystem for startups

New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) has so far inked pacts with over 50 firms, including ITC, Flipkart, and Mercedes-Benz, to promote a manufacturing and innovation ecosystem for startups, an official said.

The department has proactively reached out to a number of large corporates, industry associations, veterans, and unicorns to emphasise the importance of setting up manufacturing incubators and the benefits of active collaboration with manufacturing startups.

“So far, the department has inked memorandum of…