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 Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..