Shree Cement has joined forces with the Department for Promotion of Industry and Internal Trade (DPIIT) to support startups in India’s manufacturing sector. This partnership aims to foster innovation by offering critical support to product startups. Shree Cement will provide infrastructure, mentorship, access to funding, and valuable market connections, helping startups progress from initial prototypes to potential global expansion.
Commitment to Self-Reliance
Neeraj Akhoury, Managing Director of Shree Cement, emphasised the importance of this partnership in promoting self-reliance through domestic manufacturing. He highlighted how this collaboration could also aid in reducing import dependency while driving the development of India’s manufacturing ecosystem.
Building a Strong Manufacturing
Future DPIIT Director Sumeet Jarangal praised the initiative, stating that this MoU will pave the way for early-stage manufacturing startups. He sees this as a key step towards making India a global hub for manufacturing, particularly in the cement sector.
Encouraging Startups and Innovators
The Memorandum of Understanding aims to strengthen the manufacturing ecosystem by encouraging the growth of startups, innovators, and entrepreneurs across India. This partnership signals a bright future for the nation’s manufacturing industry, fostering creativity and self-sufficiency.
