In a strategic push to strengthen India's manufacturing and innovation ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Hafele India Pvt Ltd.
The two-year agreement aims to empower product startups, MSMEs, and entrepreneurs by promoting product innovation, local sourcing, and global market integration.
Signed by DPIIT Director Sumeet Jarangal and Hafele India's MD, South Asia, Frank Schloeder, the partnership enables targeted investments, mentorship, and supplier development initiatives.
Hafele, a German company, has already invested over $2.5 million in Indian appliance startups and issued purchase orders to local MSME manufacturers.
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DPIIT will support the collaboration through Startup India by facilitating ecosystem access and co-branding opportunities. Hafele will provide infrastructure, technical support, and market access to further uplift the local industry.
"The partnership exemplifies our commitment to collaborative industrial ecosystems," said DPIIT Joint Secretary Sanjiv. Schloeder added, "India's potential is unmatched, we're committed to building 'India for India' and 'India for the World.'"
This collaboration also supports India's broader goal of becoming a global manufacturing hub under the Make in India vision.
