The Department for Promotion of Industry and Internal Trade (DPIIT) and Mercedes-Benz India Private Limited have signed a Memorandum of Understanding (MOU) to promote innovation, sustainability, and entrepreneurship in the country's startup ecosystem.
Its aim is to support startups, innovators, and entrepreneurs in achieving technical excellence and promoting social development.
Under this MOU, Mercedes-Benz India will work with DPIIT to support startups by providing access to infrastructure, mentorship, funding, and market connectivity.
This partnership aligns with the Government of India's Startup India initiative, which ensures wider reach and greater participation for emerging innovators and entrepreneurs.