DPIIT, Paytm Partner to Boost Manufacturing and Fintech Startups

28 Feb 2025 CW Team

New Delhi, Feb 26, 2025: The Department for Promotion of Industry and Internal Trade (DPIIT) has signed an MoU with Paytm (One97 Communications Ltd) to drive innovation and accelerate the growth of India’s manufacturing and fintech startup ecosystem.

Under this collaboration, Paytm will offer mentorship, infrastructure support, market access, and funding opportunities, helping startups scale and develop advanced financial technology solutions. The initiative also aims to support fintech hardware startups by providing regulatory guidance, compliance assistance, and product validation through Paytm’s extensive merchant network.

The MoU was signed by Dr. Sumeet Kumar Jarangal, Director, DPIIT, and Vijay Shekhar Sharma, Founder & CEO of Paytm, in the presence of senior officials from both organisations. Joint Secretary Sanjiv highlighted the partnership’s importance in strengthening India’s startup ecosystem, while Vijay Shekhar Sharma emphasied Paytm’s commitment to empowering entrepreneurs with mentorship, financial support, and cutting-edge technology.

As part of its Paytm for Startups initiative, the company will launch dedicated programs to support fintech hardware manufacturers like Soundbox and PoS/EDC device makers. These efforts include investor connections, incubation programs, and industry-focused workshops. Through its CSR arm, Paytm Foundation will also nurture deep-tech startups in Climate Tech, Web3, Agritech, and Mobility.

This collaboration reinforces DPIIT and Paytm’s shared vision of positioning India as a global innovation hub and driving economic growth through technological advancements.

(PIB)

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..