The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry signed a Memorandum of Understanding (MoU) with Zepto Private Limited to support and scale early-stage startups in the manufacturing sector through its Zepto Nova innovation challenge. The DPIIT and Zepto partnership to focus on hardware, Internet of Things (IoT), packaging and sustainable manufacturing.
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| DPIIT signs MoU with Zepto to support manufacturing startups |
DPIIT - Zepto signs MoU to support manufacturing startups
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry and Zepto Private Limited have signed a Memorandum of Understanding (MoU) to support and scale early-stage startups in the manufacturing sector through its Zepto Nova innovation challenge.
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The DPIIT and Zepto collaboration to focus on hardware, Internet of Things (IoT), packaging and sustainable manufacturing.
This MoU is part of DPIIT’s efforts to foster partnerships that enable rapid innovation, inclusive economic growth and a self-reliant India.
DPIIT and Zepto MoU Signed by
The DPIIT and Zepto MoU were signed by the Director, DPIIT, Dr. Sumeet Jarangal, and Co-founder, Zepto, Shri Kaivalya Vohra.
Aims of DPIIT and Zepto MoU
The DPIIT and Zepto MoU to support manufacturing startups aims to discover and mentor startups through a focused six-month programme. It will support startups developing technologies in hardware, IoT, packaging and sustainable manufacturing, enabling them to progress from prototype to market-ready solutions using Zepto’s delivery and digital infrastructure.
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The partnership will provide support through mentorship and capacity building via expert-led workshops and Startup India assistance, with a focus on women-led and Tier II/III startups. In addition, Zepto will integrate upwards of 100 Indian startups into its supply chain, offering them a platform to showcase products, gain market access and expand their presence.
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.
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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 Zepto for upcoming exams
- Founded: July 2021
- Formerly: KiranaKart
- Headquarters: Bengaluru, Karnataka
- Chief Executive Officer (CEO): Aadit Palicha
- Chief Technology Officer (CTO): Kaivalya Vohra
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