Standoutt.in
On October 1, 2024, Shree Cement Limited signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT).
The aim? To enhance India’s manufacturing startup ecosystem, boosting innovation and supporting product-based startups to fuel economic growth and self-reliance.
Focus Areas
- Infrastructure: Shree Cement will provide resources and facilities to help startups establish operations.
- Mentorship: Startups will get guidance from industry experts to navigate business challenges.
- Funding Access: Assistance in securing financial resources for growth.
- Market Linkages: Connections to potential markets to increase visibility.
Why this Matters
Neeraj Akhoury, Managing Director of Shree Cement, highlighted the importance of empowering startups for economic progress. By fostering innovation in manufacturing, India can reduce its reliance on imports and aim for self-reliance.
This partnership ties into India’s broader vision to become a global manufacturing hub, supported by initiatives like Make in India and Production Linked Incentive (PLI) schemes.
—
👉 Thanks for reading.
Also Read: Meet Dilkhush, from Rickshaw Puller to Shark Tank Journey
