The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a strategic partnership with HCLSoftware.
This collaboration aims to propel the ‘Make In India’ initiative and position India as a leading global manufacturing hub.
The partnership will grant Indian startups access to the HCL Sync program, designed to help them gain global market exposure for their products and services.
HCLSoftware will extend support across various functions, including design, development, sales, and marketing, empowering startups to scale effectively.
The government emphasized that this initiative seeks to foster the development of Indian intellectual property by encouraging startups to create innovative products tailored to local needs.
It also aims to build a robust manufacturing ecosystem by establishing a network of interconnected startups and suppliers capable of supporting the entire manufacturing value chain.
Earlier this month, HCLSoftware launched the HCL Startup Sync, an 18-week accelerator program focused on retail-specific SaaS startups.
The initiative invites Series A, B, and C startups specializing in areas such as AI, intelligent automation, data analytics, digital transformation, and enterprise security.
This announcement marks the second partnership by the DPIIT within October.
Previously, the department signed a Memorandum of Understanding (MoU) with Johnson Controls-Hitachi Air Conditioning India to establish a startup incubator in Gujarat.
This incubator will provide funding support and assistance with legal and intellectual property (IP) filing, facilitating startups in bringing their products to market.
The Indian government has prioritized enhancing manufacturing capabilities, as reiterated by Finance Minister Nirmala Sitharaman during the announcement of the financial budget for 2024-25.
The budget included several measures aimed at promoting manufacturing, such as reducing customs duties on inputs and raw materials and incentivizing job creation within the sector.
