Shree Cement and DPIIT Sign MoU to Boost Manufacturing Start-Ups

05 Nov 2024 CW Team

In a significant development for India's manufacturing ecosystem, Shree Cement has signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to promote the growth of early-stage product start-ups.

The partnership aims to provide start-ups with essential resources necessary for their success, including infrastructure, mentorship, funding opportunities, and access to markets. This support will guide them from the initial stages of prototype development to potential expansion into international markets.

According to the MoU, Shree Cement will work closely with DPIIT to create an environment conducive to innovation and growth for product start-ups, helping them establish a foothold in the competitive manufacturing sector.

Sumeet Jarangal, the DPIIT Director, emphasized that this partnership represents a significant advancement toward positioning India as a global manufacturing hub, especially within the cement industry. He remarked that this collaboration with Shree Cement would lay the foundation for a promising future for early-stage manufacturing start-ups and noted that nurturing these start-ups would strengthen India’s position in the global manufacturing landscape.

The MoU demonstrates a mutual commitment to enhancing India’s manufacturing ecosystem and aligns with the government's broader vision to promote innovation and entrepreneurship.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..