Delhi High Court Permits Minor Rape Survivor to Terminate Pregnancy  ||  HP HC: Employees Having Good Political Relation and Influence are Hardly Sent to Hard/Tribal Area  ||  Delhi HC Stays Single Judge Rusling Asking Amazon to Pay ?339.25 Crore to 'Beverly Hills Polo Club'  ||  Gauhati HC: PIL Challenges Assam Government’s Push Back Policy  ||  Cal HC to State: Why Candidates Tainted with Scam being Given Opportunity to Reapply for Recruitment  ||  Telangana HC: Appointment of Arbitrator by One Party after Due Notice Cannot be Challenged  ||  BCI Issues Advisory Cautioning About Unauthorised LL.M Programmes  ||  Trademark Registry Approves M.S Dhoni’s Application to Officially Register ‘Captain Cool’ Trademark  ||  Delhi HC: Meta Directed to Remove Obscene Photos of Minor Girl  ||  Cal. HC: To Convict Person u/s 304B of IPC, Conclusive Proof of Cruelty before Death Required    

Department for Promotion of Industry and Internal Trade undertakes measures to encourage Manufacturing Incubators for Startups - (31 May 2024)

Commercial

The Department for Promotion of Industry and Internal Trade (DPIIT) is undertaking various measures to encourage the startup ecosystem and the industry at large to foster innovation in manufacturing by supporting and collaborating with startups and developing manufacturing incubators. Landmark reforms and initiatives have enhanced India’s manufacturing capabilities in recent years and India has witnessed significant diversification of its manufacturing portfolio. Through long-term initiatives to boost manufacturing, India has emerged as a dynamic hub for manufacturing, led by innovation, technology, and skilled labor.

Rapid industrialization and manufacturing are critical engines of economic growth for nations. Developing a strong manufacturing base is an essential activity for any nation as it promotes innovation and competitiveness, boosts employment, livelihoods and standards of living, and strengthens self-reliance and economic stability. A focus on manufacturing innovation is needed in addition to expanding production. The growth in innovation in the recent past has led to unprecedented advances in manufacturing technology and scientific breakthroughs. Through manufacturing and product startups, integration of cutting-edge technologies into manufacturing processes can further strengthen establishment of India as a hub for manufacturing innovative technology solutions.

Eligible entities can also explore availing benefits extended to incubators or incubator programs through Government initiatives like the Startup India initiative, Atal Incubation Centres (AICs), National Initiative for Developing and Harnessing Innovations (NIDHI), Technology Incubation and Development of Entrepreneurs (TIDE), Biotechnology Industry Research Assistance Council (BIRAC), and Innovations for Defence Excellence (iDEX).Manufacturing is a critical sector for India to become self-reliance and competitive on the global stage. All parts of the startup ecosystem can come together to support manufacturing startups through the creation of more manufacturing incubators which will nurture innovation and growth of the overall manufacturing capabilities of the nation.

Tags : STARTUP ECOSYSTEM   MANUFACTURING   MEASURES  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved