Latest news with #DPIIT
The Hindu
12 hours ago
- Business
- The Hindu
Andhra Pradesh crafts get ODOP boost with digital catalogue, ₹172-Crore PM Ekta Mall in Visakhapatnam
Union Minister of State for Commerce and Industry Jitin Prasada informed the Lok Sabha on Tuesday about the government's ongoing efforts to promote One District One Product (ODOP) items across the country. Responding to a question from Eluru MP Putta Mahesh Kumar during the monsoon session, the Minister highlighted the launch of a Digital ODOP Gift Catalogue featuring over 1,000 products, including iconic Andhra Pradesh specialties such as Etikoppaka toys and Dharmavaram sarees. To provide a physical platform for these products, the government is developing PM Ekta Malls across the country. In Andhra Pradesh, a flagship mall is being constructed on a five-acre site in Visakhapatnam, with an estimated investment of ₹172 crore. The State government has submitted the Detailed Project Report, which has received approval from the Department for Promotion of Industry and Internal Trade (DPIIT), and construction is currently underway. The mall is expected to be operational by May 2026. Under the ODOP initiative, 99 unique products spanning Andhra Pradesh's 26 districts have been identified. These include agricultural produce, food-processed goods, handicrafts, handloom textiles, manufactured items, and marine-based products. Although DPIIT does not provide direct financial assistance under ODOP, the State government has undertaken several promotional measures, including the establishment of common facility centres, testing laboratories, packaging units, and design hubs to support producers and exporters. In addition, workshops, training sessions, and capacity-building programmes focusing on youth and women are being organised to enhance marketing, branding, packaging, and quality standards of ODOP products. According to the Minister, sales of ODOP items are steadily rising, with many products now available on online platforms such as Lepakshi and APCO.
Time of India
13 hours ago
- Business
- Time of India
DPIIT inks pact with Zepto, Hero MotoCorp to support startups
Academy Empower your mind, elevate your skills The Department for Promotion of Industry and Internal Trade ( DPIIT ) on Tuesday said it has inked pacts with Hero MotoCorp and Zepto to help MoU with Hero MotoCorp aims at supporting early-stage startups and entrepreneurs through its innovation accelerator programme 'Hero For Startups'."DPIIT and Hero MotoCorp will jointly support startups working in areas related to the future of mobility, clean technology and deep technology," it said, adding the partnership will provide selected startups with exclusive access to Hero MotoCorp's research and development facilities in Germany and India, the company's extensive network of dealers, suppliers and partners, along with mentorship."Shortlisted startups will also have the opportunity to work on paid Proofs of Concept (PoCs), enabling successful pilots and unlocking valuable market exposure to accelerate the growth and visibility of their innovations," it MoU was signed by DPIIT Director Sumeet Jarangal and Global Innovation Portfolio Lead, Hero MotoCorp, Utkarsh an MoU with Zepto also aims to support startups in the manufacturing sector."The collaboration aims to discover and mentor startups through a focused six-month programme. It will support startups developing technologies in hardware, IoT, packaging and sustainable manufacturing, enabling them to progress from prototype to market-ready solutions using Zepto's delivery and digital infrastructure," it on the occasion, Joint Secretary, DPIIT, Sanjiv said that support from unicorns is one of the most impactful ways to uplift startups, enabling them to learn from the journey of successful ventures.
Business Upturn
14 hours ago
- Automotive
- Business Upturn
DPIIT signs MoU with Hero MotoCorp to boost early-stage startups in mobility, clean tech, and deep tech
By Aditya Bhagchandani Published on August 12, 2025, 16:57 IST The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has signed a Memorandum of Understanding (MoU) with Hero MotoCorp Limited to support and scale early-stage startups and entrepreneurs through its innovation accelerator programme, Hero For Startups . Under the Startup India initiative, the collaboration will focus on startups engaged in the future of mobility, clean technology, and deep technology. Selected startups will gain exclusive access to Hero MotoCorp's global R&D facilities in Germany and India, its extensive dealer and supplier network, and industry mentorship. They will also have the chance to work on paid Proofs of Concept (PoCs), enabling successful pilots and providing valuable market exposure. Speaking on the partnership, DPIIT Joint Secretary Sanjiv highlighted that the initiative aims to connect industry experience with grassroots innovation, particularly benefiting emerging technologies and entrepreneurs from Tier 2 and Tier 3 markets. Hero MotoCorp Executive Chairman Dr. Pawan Munjal stated that the move aligns with the vision of Viksit Bharat 2047 , emphasizing the company's role as both an industry leader and a nation-builder committed to fostering India's entrepreneurial ecosystem. The MoU was signed by DPIIT Director Dr. Sumeet Jarangal and Hero MotoCorp Global Innovation Portfolio Lead Utkarsh Mishra, in the presence of senior officials from both organizations. The partnership is expected to contribute to innovation-led industrial growth, supporting national initiatives like Make in India and Atmanirbhar Bharat . Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
14 hours ago
- Business
- Business Upturn
DPIIT signs MoU with Zepto to boost manufacturing startups through Zepto Nova challenge
By Aditya Bhagchandani Published on August 12, 2025, 16:27 IST The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has signed a Memorandum of Understanding (MoU) with Zepto Private Limited to support and scale early-stage manufacturing startups through the 'Zepto Nova' innovation challenge. The six-month programme will focus on identifying and mentoring startups developing solutions in hardware, IoT, packaging, and sustainable manufacturing. These startups will receive guidance to progress from prototype development to market-ready products by leveraging Zepto's delivery and digital infrastructure. The partnership will include mentorship, capacity building through expert-led workshops, and assistance from Startup India. Special emphasis will be placed on supporting women-led ventures and startups from Tier II and Tier III cities. Zepto aims to integrate over 100 Indian startups into its supply chain, providing them with market access and a platform to expand their presence. Joint Secretary of DPIIT, Sanjiv, highlighted the significance of unicorns contributing to the ecosystem, stating that market access remains a critical enabler for startup success. Zepto Co-founder Kaivalya Vohra said the initiative will help shape the future of manufacturing in India. The MoU is part of DPIIT's ongoing efforts to foster innovation, promote inclusive growth, and contribute to building a self-reliant India. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
14 hours ago
- Business
- Business Standard
Govt-recognised startup count crosses 180K as of June 30: Jitin Prasada
The government has recognised more than 180,000 firms as startups as on June 30, 2025, Parliament was informed on Tuesday. The recognised startups are eligible for a number of fiscal incentives, including income tax benefit announced under Startup India action plan. "Since the launch of the Startup India initiative, number of entities recognised as startups by Department for Promotion of Industry and Internal Trade (DPIIT) has increased from around 500 in 2016 to 180,683 as on 30th June 2025," Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Lok Sabha. Under Startup India initiative, the government is implementing flagship schemes, Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS), and Credit Guarantee Scheme for Startups (CGSS) to provide funding opportunities and support startups at various stages of their business cycle. He added that Alternative Investment Funds (AIFs) supported under the FFS have invested Rs 23,679 crore in 1,282 startups as on June 30 this year. Prasada also said SISFS provides financial assistance to seed stage startups through incubators. The incubators supported under the scheme have selected 2,942 startups for a total approved funding of Rs 522.42 crore as on June 30. Further under the CGSS, as on June 30, 289 loans amounting to Rs 667.85 crore have been guaranteed for startup borrowers. In a separate reply, the minister said GI (geographical indication) tag applications for 659 products are pending before the office of geographical indications registry. Till August 1 this year, GI tag has been granted to 697 products. Of this, 658 products are from India and 39 are from foreign countries. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
