Schedule a Call Back
DPIIT and Moglix ink MoU to launch manufacturing incubation initiative
Industry News- Dec 04,24
The program will support over 25 growth phase startups in industries such as chemicals, automotive, infrastructure, and green energy.
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Moglix, Asia's leading B2B e-commerce platform, to launch a manufacturing incubation initiative. This collaboration marks a significant milestone in India’s manufacturing journey, supporting the vision of a Viksit Bharat. The initiative aims to equip growth phase startups with tools, resources, and opportunities to accelerate their progress and drive innovation in the manufacturing sector.
The program will support over 25 growth phase startups in industries such as chemicals, automotive, infrastructure, and green energy. These startups will participate in a 12-month program offering access to Moglix’s extensive mentor network, supply chain infrastructure, and financial support via Credlix, its NBFC arm. DPIIT will enhance the program’s reach through the Startup India ecosystem, facilitating adoption, resource-sharing, and nationwide outreach.
Sanjiv Singh, Joint Secretary, DPIIT, remarked, “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, Moglix, added, “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 the vision of Atmanirbhar Bharat, this initiative will provide startups with collaborations, investment opportunities, and resources to create globally competitive products. It also aims to increase India’s manufacturing contribution to GDP and help startups expand into international markets.
This partnership reflects Moglix’s commitment to strengthening supply chains while addressing the challenges faced by growth stage manufacturing startups. It aligns with India’s national goals of boosting the manufacturing sector’s GDP contribution and positioning the country as a global industrial leader.
Related Stories
Automation & Robotics
Honeywell Launches Hybrid Heating to Cut Industrial Energy Costs and Emissions
Honeywell’s Hybrid Heating Solution enables manufacturers to switch between gas and electric heat in real time, helping optimise energy costs, cut emissions and support the energy transition.
Read moreAuto & Auto Components
Minda Corp Posts Record Q3 Revenue of Rs. 15,600 Mn, EBITDA Improves
Minda Corporation reported its highest-ever quarterly revenue in Q3 FY2026, driven by strong demand, portfolio strength and improved margins, alongside key leadership appointments.
Read moreAuto & Auto Components
Ashok Leyland, PT Pindad Partner for Electric Buses and Defence Vehicles
Ashok Leyland has signed an MoU with Indonesia’s PT Pindad to jointly develop and manufacture electric buses and defence vehicles, supporting sustainable mobility and modern defence needs.
Read moreRelated Products
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
