DPIIT, Kotak Bank Join Hands To Boost Startup Ecosystem

24 Oct 2025 CW Team

This strategic collaboration aims to create a comprehensive framework that enables startups to access customised banking solutions, funding opportunities, digital and payment infrastructure, and capacity-building programmes. The initiative reaffirms DPIIT’s commitment to fostering an innovation-led economy and propelling India’s transformation into a global startup hub.

Under the MoU, Kotak Mahindra Bank will offer an exclusive suite of services for DPIIT-recognised startups, including zero-balance current accounts, working capital and term loans, API-based banking platforms, digital payment solutions, and specialised startup cards. In addition, the Bank will facilitate mentorship, investment advisory, incubation support, and networking platforms, helping startups scale from ideation to commercial success.

Shri Sanjiv, Joint Secretary, DPIIT, said, “This partnership reflects DPIIT’s efforts to build a vibrant and inclusive innovation ecosystem that empowers startups at every stage of their journey. By integrating policy, industry, and finance, we aim to strengthen the bridge between entrepreneurial ambition and sustainable impact, ensuring India’s innovators have the right tools to grow globally.”

Shri Raghavendra Singh, President, Kotak Mahindra Bank Ltd., noted that the collaboration would enhance engagement with the startup community through tailored financial solutions, mentorship initiatives, and access to business networks to support effective growth and expansion.

The partnership will establish a dynamic support framework encompassing banking services, advisory, technology enablement, funding access, and market linkages. By combining Kotak’s financial expertise with DPIIT’s policy leadership, the initiative aims to accelerate India’s journey towards a self-reliant, innovation-driven economy.

The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, Government of India, has signed a Memorandum of Understanding (MoU) with Kotak Mahindra Bank Ltd. to strengthen both financial and non-financial support for startups across India. This strategic collaboration aims to create a comprehensive framework that enables startups to access customised banking solutions, funding opportunities, digital and payment infrastructure, and capacity-building programmes. The initiative reaffirms DPIIT’s commitment to fostering an innovation-led economy and propelling India’s transformation into a global startup hub. Under the MoU, Kotak Mahindra Bank will offer an exclusive suite of services for DPIIT-recognised startups, including zero-balance current accounts, working capital and term loans, API-based banking platforms, digital payment solutions, and specialised startup cards. In addition, the Bank will facilitate mentorship, investment advisory, incubation support, and networking platforms, helping startups scale from ideation to commercial success. Shri Sanjiv, Joint Secretary, DPIIT, said, “This partnership reflects DPIIT’s efforts to build a vibrant and inclusive innovation ecosystem that empowers startups at every stage of their journey. By integrating policy, industry, and finance, we aim to strengthen the bridge between entrepreneurial ambition and sustainable impact, ensuring India’s innovators have the right tools to grow globally.” Shri Raghavendra Singh, President, Kotak Mahindra Bank Ltd., noted that the collaboration would enhance engagement with the startup community through tailored financial solutions, mentorship initiatives, and access to business networks to support effective growth and expansion. The partnership will establish a dynamic support framework encompassing banking services, advisory, technology enablement, funding access, and market linkages. By combining Kotak’s financial expertise with DPIIT’s policy leadership, the initiative aims to accelerate India’s journey towards a self-reliant, innovation-driven economy.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..