The Department for Promotion of Industry and Internal Trade (DPIIT) and Mercedes-Benz India have signed a Memorandum of Understanding (MoU) to support India’s manufacturing ecosystem, road safety initiatives, and environmental sustainability. The collaboration will focus on providing infrastructure, mentorship, funding, and market access for startups.
According to DPIIT, the partnership will facilitate international collaborations and knowledge exchange to promote technological advancements. Joint Secretary Sanjiv stated that the initiative aims to strengthen industry-academia linkages and foster innovation in manufacturing.
Mercedes-Benz India Managing Director Santosh Iyer noted that the company would support incubators and institutes through corporate social responsibility (CSR) funding to advance initiatives in road safety, sustainability, and advanced manufacturing.
The MoU was signed by DPIIT Director Sumeet Kumar Jarangal and Iyer, with senior officials from both organizations in attendance.