Strategic Partnership to Foster Innovation and Growth
The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has entered into a Memorandum of Understanding (MoU) with Primus Partners Pvt. Ltd. This collaboration aims to fortify India’s startup and innovation landscape through targeted initiatives.
Objectives of the Collaboration
The MoU outlines a framework to support early-stage and growth-stage product startups by providing structured capacity-building programs, expert mentorship, market access opportunities, policy awareness campaigns, and seamless technology integration. These efforts are designed to empower startups to thrive in a competitive environment.
Leadership Insights
Shri Sanjiv, Joint Secretary, DPIIT, emphasized the significance of this partnership, stating, “This collaboration underscores DPIIT’s dedication to building an innovation-driven economy fueled by creativity, technology, and entrepreneurship. India’s startup ecosystem is poised for global impact, and by bridging policy, industry, and innovation, we aim to create opportunities for startups to drive sustainable growth, job creation, and position India as a global innovation leader.”
Shri Davinder Sandhu, Co-Founder and Chairman of Primus Partners, highlighted the partnership’s potential, noting, “Our collaboration with DPIIT will enable meaningful engagement with the startup community through mentorship, knowledge sharing, and industry connections. This initiative will foster a robust environment for innovation and entrepreneurship across India.”
Driving Economic Growth and Self-Reliance
The partnership aligns with DPIIT’s mission to promote industry-led initiatives that strengthen the startup ecosystem, encouraging innovation, self-reliance, and inclusive economic progress. By leveraging Primus Partners’ expertise, the collaboration aims to create a dynamic and supportive framework for startups to succeed.
Keyword: Startup Ecosystem
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