“Startups are catalysts for India’s economic and technological progress. This MoU with Moglix underscores our commitment to fostering innovation, nurturing entrepreneurship, and building a resilient manufacturing ecosystem aligned with India’s vision of self-reliance.” Sanjiv Singh, Joint Secretary, DPIIT
“This collaboration is a transformative step for India’s manufacturing sector. By combining Moglix’s technological expertise with DPIIT’s strategic guidance, we aim to build a sustainable, innovation-driven manufacturing economy that empowers entrepreneurs and aligns with India’s vision of becoming a global manufacturing hub.” Rahul Garg, Founder and CEO, Moglix
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Moglix, Asia’s leading B2B e-commerce platform, to launch a manufacturing incubation initiative. This collaboration marks a significant milestone in India’s manufacturing journey, supporting the vision of a Viksit Bharat. The initiative aims to equip growth phase startups with tools, resources, and opportunities to accelerate their progress and drive innovation in the manufacturing sector.
The program will support over 25 growth phase startups in industries such as chemicals, automotive, infrastructure, and green energy. These startups will participate in a 12-month program offering access to Moglix’s extensive mentor network, supply chain infrastructure, and financial support via Credlix, its NBFC arm. DPIIT will enhance the program’s reach through the Startup India ecosystem, facilitating adoption, resource-sharing, and nationwide outreach.
Sanjiv Singh, Joint Secretary of DPIIT, remarked, “Startups are catalysts for India’s economic and technological progress. This MoU with Moglix underscores our commitment to fostering innovation, nurturing entrepreneurship, and building a resilient manufacturing ecosystem aligned with India’s vision of self-reliance.”
Rahul Garg, Founder and CEO of Moglix, added, “This collaboration is a transformative step for India’s manufacturing sector. By combining Moglix’s technological expertise with DPIIT’s strategic guidance, we aim to build a sustainable, innovation-driven manufacturing economy that empowers entrepreneurs and aligns with India’s vision of becoming a global manufacturing hub.”
Aligned with the vision of Atmanirbhar Bharat, this initiative will provide startups with collaborations, investment opportunities, and resources to create globally competitive products. It also aims to increase India’s manufacturing contribution to GDP and help startups expand into international markets.
This partnership reflects Moglix’s commitment to strengthening supply chains while addressing the challenges faced by growth stage manufacturing startups. It aligns with India’s national goals of boosting the manufacturing sector’s GDP contribution and positioning the country as a global industrial leader.
About Moglix: Moglix stands as one of Asia’s premier and rapidly expanding B2B commerce companies. We empower manufacturing and infrastructure businesses to revolutionize their entire supply chain, from procurement to distribution. Through our digital platform, extensive supplier and buyer network, and robust logistics capabilities, we help reduce costs, boost sales, enhance operational efficiency, and create a seamless, touchless supply chain experience. As the first B2B commerce unicorn in the manufacturing sector, Moglix boasts a valuation of $2.6 billion, offering over 700,000 industrial items and servicing more than 19,000 PIN codes across India, while supporting over 1,000 large manufacturers and 3,000 factories.
About DPIIT: The Department for Promotion of Industry and Internal Trade (DPIIT) is a pivotal government agency under the Ministry of Commerce and Industry dedicated to fostering industrial growth and domestic trade in India. Through strategic initiatives and policies, DPIIT plays a crucial role in creating a conducive business environment and supporting the nation’s economic development.
