The Department for Promotion of Industry and Internal Trade (DPIIT) and Hafele India Private Limited signed a Memorandum of Understanding (MoU) to boost manufacturing innovation and Localized supply chains. The DPIIT and Hafele India partnership reflects a shared commitment to building resilient local supply chains and accelerating India’s vision of becoming a global manufacturing hub.
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| DPIIT - Hafele India Sign MoU to Boost Manufacturing Innovation |
DPIIT - Hafele India Sign MoU to Boost Manufacturing Innovation
The Department for Promotion of Industry and Internal Trade (DPIIT) and Hafele India Private Limited signed a Memorandum of Understanding (MoU) to strengthen India’s manufacturing and innovation ecosystem by empowering product startups, MSMEs, and entrepreneurs.
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Under this strategic collaboration, Hafele will drive initiatives that support product innovation, local sourcing, and entrepreneurship through targeted investments, mentorship, and integration into global value chains.
Hafele will expand its support to startups and MSMEs by offering access to infrastructure, supplier development opportunities, technical collaboration, and market access.
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Hafele has already committed over USD 2.5 million in an Indian appliance manufacturing startup and has extended purchase orders to Indian MSME manufacturers of architectural hardware and furniture fittings.
DPIIT will facilitate ecosystem access through Startup India, enabling startup connections, program participation, and co-branding.
DPIIT and Hafele India MoU Signed By
The DPIIT and Hafele India MoU was signed by Dr. Sumeet Jarangal, Director, DPIIT and Frank Schloeder, Managing Director – South Asia, Hafele India, in the presence of senior officials from both organizations. It will remain in effect for a period of two years from the date of signing, with scope for extension based on mutual agreement.
Aims of DPIIT and Hafele India Partnership
The partnership of DPIIT and Hafele India is aimed at a shared commitment to build resilient local supply chains and enable India to become a global manufacturing hub.
About DPIIT
The Department for Promotion of Industry and Internal Trade (DPIIT) was founded in 1995 and later expanded in 2000 through the merger with the Department of Industrial Development.
It is working under the Ministry of Commerce and Industry, Government of India. This department is responsible for formulation and implementation of promotional and developmental measures for growth of the industrial sector, keeping in view the national priorities and socio-economic objectives.
Static Current Affairs related to DPIIT for upcoming exams
- Full form of DPIIT: Department for Promotion of Industry and Internal Trade
- Minister responsible: Piyush Goyal, Minister of Commerce and Industry
- Secretary: Amardeep Singh Bhatia
Static Current Affairs related to Häfele Group for upcoming exams
- Founded: 1923
- Founder: Adolf Häfele
- Headquarters: Nagold, Germany
- Chief Executive Officer (CEO): Gregor Riekena
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