Häfele India and the Department for Promotion of Industry and Internal Trade (DPIIT) have signed a Memorandum of Understanding to help strengthen India’s industrial ecosystem. The purpose of this strategic alliance is to give startups and MSMEs access to high-quality supplier networks, market prospects, and infrastructure.
Boost to ‘Make in India’ Vision
Häfele India’s partnership with DPIIT strongly supports the Government of India’s ‘Make in India’ initiative, which encourages domestic manufacturing and innovation. Häfele India has committed over $2.5 million to assist Indian startups in the appliance and furniture fittings manufacturing sectors. This initiative aims to place orders with local MSMEs to strengthen the domestic supply chain and reduce dependency on imports.
Holistic Support for Innovation and Growth
Under the partnership, Häfele India will provide technical collaboration and DPIIT’s Startup India platform would be critical for bringing firms together. To take advantage of the top-notch industrial infrastructure, Häfele India and the Department for Promotion of Industry and Internal Trade (DPIIT) have forged a strategic partnership. Through the combination of cutting-edge manufacturing technologies and contemporary machines, our partnership aims to enhance operations. The partnership also prioritises the expansion of employment opportunities and skill development in the region. Long-term economic growth and job creation in the region will be facilitated by this approach, which places a high priority on innovation and assists entrepreneurs.
Duration and Scope of the MoU
The MoU may be extended beyond the first two years with mutual constent. India’s scope for thriving and expanding the industrial sector looks bright as collaboration between Häfele India and DPIIT represents a major advancement. In addition to encouraging technical innovation and sustained economic growth, this program seeks to empower Indian MSMEs and entrepreneurs. By combining government support with corporate investment and mentoring, it provides valuable assistance to both new and established startups in India.
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