Summary:

The Department for Promotion of Industry and Internal Trade (DPIIT) has signed an MoU with Ather Energy to promote innovation in India's EV and manufacturing startup ecosystems. The project focusses on providing strategic mentorship and infrastructure to deep-tech entrepreneurs across the EV value chain, including battery technology, car manufacturing, and renewable energy. The cooperation, which combines Ather's industrial knowledge with DPIIT's policy support, aims to remove early-stage impediments and improve sustainable mobility. Mr. Sanjiv Singh, DPIIT's Joint Secretary, emphasised the partnership's potential to boost domestic EV production and worldwide competitiveness. Startups will have access to technical expertise and manufacturing resources, accelerating technology advancement and renewable energy uptake. This strategy also corresponds with India's low-carbon objectives, promoting economic growth and employment creation through public-private partnerships.

Source: IBEF

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