Summary:
The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Kyndryl Solutions Private Limited through a Memorandum of Understanding (MoU) to drive innovation and bolster India’s manufacturing and IT startup ecosystem. Leveraging Kyndryl’s proficiency in digital transformation and generative artificial intelligence (AI), the collaboration will offer infrastructure support, mentorship and AI-powered growth opportunities for startups. The initiative will facilitate the integration of cutting-edge solutions into enterprise ecosystems within sectors such as automotive, pharmaceuticals, banking, financial services and insurance (BFSI), oil & gas and government services.
Startups will benefit from tailored mentorship focusing on product development, cybersecurity resilience and enterprise-level implementation. Kyndryl will host advisory sessions and industry workshops to optimise customer experiences and streamline operations. Furthermore, in cooperation with Startup India and DPIIT, the company will provide valuable knowledge-sharing platforms, policy guidance and access to government incentives. The MoU was officially signed by DPIIT Director Dr. Sumeet Kumar Jarangal alongside senior officials from both organisations. This strategic alliance supports the government’s objective of establishing India as a leading global innovation hub, empowering startups to scale internationally and contribute significantly to the nation’s economic growth.
Source: IBEF
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