DPIIT collaborates with Moglix to develop a 12-month Manufacturing Incubation Program, providing coaching, resources, and finance to 25 growth-stage businesses, thereby strengthening India’s innovation-driven manufacturing and aligning with Atmanirbhar Bharat.

The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Moglix, Asia’s top B2B e-commerce platform, to establish a manufacturing incubation program. This alliance represents a critical milestone in India’s manufacturing journey, bolstering the vision of a Viksit Bharat. The initiative’s goal is to provide growth-stage entrepreneurs with tools, resources, and chances to accelerate their success and stimulate innovation in the manufacturing sector.

The program will help over 25 growth-stage entrepreneurs in industries such as chemicals, automotive, infrastructure, and green energy. These entrepreneurs will take part in a 12-month program that includes access to Moglix’s large mentor network, supply chain infrastructure, and financial help through Credlix, the company’s NBFC subsidiary. DPIIT will expand the program’s reach by leveraging the Startup India ecosystem to facilitate adoption, resource sharing, and nationwide exposure.

Sanjiv Singh, Joint Secretary of DPIIT, remarks, “Startups are catalysts for India’s economic and technological progress. 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.”

Rahul Garg, Founder and CEO of Moglix, adds, “This collaboration is a transformative step for India’s manufacturing sector. By combining Moglix’s technological expertise with DPIIT’s strategic guidance, we aim to build a sustainable, innovation-driven manufacturing economy that empowers entrepreneurs and aligns with India’s vision of becoming a global manufacturing hub.”

Aligned with Atmanirbhar Bharat’s goal, this program will empower startups with collaborations, funding possibilities, and resources to produce globally competitive goods. It also intends to boost India’s manufacturing contribution to GDP and assist entrepreneurs in entering foreign markets.

This agreement demonstrates Moglix’s dedication to enhancing supply chains while solving the problems that growth-stage manufacturing businesses confront. It is consistent with India’s national aims of increasing the manufacturing sector’s GDP contribution and establishing the country as a worldwide industrial leader.