The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce & Industry, has entered into a Memorandum of Understanding (MoU) with JK Cement, a prominent manufacturer of grey and white cement. This partnership is designed to foster innovation, empower entrepreneurs, and strengthen India's manufacturing ecosystem.
Key Objectives of the Collaboration:
Support for Startups: The initiative aims to nurture product startups, innovators, and entrepreneurs, transforming India into a global manufacturing hub.
Access to Resources: Startups will gain access to cutting-edge infrastructure, state-of-the-art manufacturing and R&D facilities, mentorship opportunities, pilot projects, and university resources provided by JK Cement.
Startup-Friendly Environment: Sanjiv Singh, Joint Secretary of DPIIT, emphasized that this collaboration is a step towards creating synergies with JK Cement to build a conducive environment for startups and innovators.
Accelerating Entrepreneurship: Dr. Sumeet Kumar Jarangal, Director of Startup India, highlighted that the initiative seeks to accelerate entrepreneurship, create viable solutions, and drive sustainable development by supporting at least 10 startups and entrepreneurs over the next year.
JK Cement's Commitment:
Madhavkrishna Singhania, Joint Managing Director & CEO of JK Cement Ltd, stated, "Partnering with DPIIT reflects our unwavering commitment to nation-building. Together, we aim to cultivate a dynamic and competitive manufacturing ecosystem, driving India's ambition of becoming a self-reliant and innovation-led economy."
About JK Cement:
JK Cement Ltd. is among India's top manufacturers of grey and white cement and home-building solutions globally. For over five decades, the company has contributed to India's infrastructure through product quality, customer focus, and technology leadership, beginning with its flagship grey cement unit in Nimbahera, Rajasthan, in May 1975.
Conclusion:
This strategic partnership between DPIIT and JK Cement is poised to create a robust foundation for long-term national progress and self-reliance. By investing in the growth and development of startups, the collaboration aims to position India as a global leader in manufacturing, characterized by innovation, sustainability, and economic resilience.
Source: The Tribune