Business Economy


DPIIT and Zepto signs MoU to foster manufacturing ecosystem

New Delhi, Aug 12 (UNI) The Department for Promotion of Industry and Internal Trade (DPIIT) has signed an MoU with Zepto Pvt Ltd with an objective to assist early-stage startups in the manufacturing sector with the help of the ‘Zepto Nova’ innovation challenge.
Addressing a ceremony, Sanjiv, joint secretary, DPIIT, stressed the support from unicorns for driving India’s startup growth. He said it was the responsibility of unicorns to contribute to the startup ecosystem.
This partnership focuses on training startups under the six-month programme by mentoring them on advanced technologies, including hardware, IoT packaging, and sustainable manufacturing.
Moreover, the collaboration also allows conducting the expert-led workshops on focusing on women-led and Tier II/III startups. Zepto will also integrate about 100 Indian startups into its supply chain to expand its presence.
Zepto co-founder Kaivalya Vohra said the partnership would support the future of manufacturing.
DPIIT comes under the Ministry of Commerce and Industry and is responsible for formulating and implementing policies related to the growth of the industrial sector in India.
UNI SAS PRS
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