DPIIT and Moglix Partner to Boost India's Manufacturing Innovation

06 Dec 2024 CW Team

The initiative will assist over 25 startups from diverse industries such as chemicals, automotive, infrastructure, and green energy. These startups will participate in a 12-month program, which will provide access to Moglix's extensive mentor network, supply chain infrastructure, and financial backing through Credlix, Moglix’s non-banking financial company (NBFC) arm. DPIIT will enhance the program’s impact by leveraging the Startup India ecosystem, facilitating resource-sharing and broader outreach.

Sanjiv Singh, Joint Secretary of DPIIT, emphasised the importance of startups as key drivers of economic and technological growth. He highlighted that this collaboration aligns with the government’s focus on nurturing innovation and strengthening the manufacturing ecosystem in line with India's self-reliance goals.

Rahul Garg, Founder and CEO of Moglix, described the partnership as transformative for the Indian manufacturing sector. He noted that by combining Moglix’s technological expertise with DPIIT’s strategic support, they aim to foster a sustainable, innovation-driven economy that empowers entrepreneurs and aligns with India’s ambition to become a global manufacturing leader.

This initiative, in line with Atmanirbhar Bharat, aims to equip startups with the necessary tools, investment opportunities, and collaborative resources to develop globally competitive products. The program will also help boost India's manufacturing sector's GDP contribution and facilitate startups' expansion into international markets, reinforcing Moglix's commitment to strengthening supply chains and addressing challenges faced by growth-stage manufacturers.

(CXO Today)

The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a Memorandum of Understanding (MoU) with Moglix, Asia’s leading B2B e-commerce platform, to launch an incubation initiative aimed at driving innovation in India's manufacturing sector. This partnership is a significant step toward supporting India’s vision of a Viksit Bharat (developed India) and empowering startups during their growth phase. The initiative will assist over 25 startups from diverse industries such as chemicals, automotive, infrastructure, and green energy. These startups will participate in a 12-month program, which will provide access to Moglix's extensive mentor network, supply chain infrastructure, and financial backing through Credlix, Moglix’s non-banking financial company (NBFC) arm. DPIIT will enhance the program’s impact by leveraging the Startup India ecosystem, facilitating resource-sharing and broader outreach. Sanjiv Singh, Joint Secretary of DPIIT, emphasised the importance of startups as key drivers of economic and technological growth. He highlighted that this collaboration aligns with the government’s focus on nurturing innovation and strengthening the manufacturing ecosystem in line with India's self-reliance goals. Rahul Garg, Founder and CEO of Moglix, described the partnership as transformative for the Indian manufacturing sector. He noted that by combining Moglix’s technological expertise with DPIIT’s strategic support, they aim to foster a sustainable, innovation-driven economy that empowers entrepreneurs and aligns with India’s ambition to become a global manufacturing leader. This initiative, in line with Atmanirbhar Bharat, aims to equip startups with the necessary tools, investment opportunities, and collaborative resources to develop globally competitive products. The program will also help boost India's manufacturing sector's GDP contribution and facilitate startups' expansion into international markets, reinforcing Moglix's commitment to strengthening supply chains and addressing challenges faced by growth-stage manufacturers. (CXO Today)

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..