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 Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..