DPIIT and Hafele India sign MoU to support product startups, MSMEs and local supply chains
The Department for Promotion of Industry and Internal Trade signed an MoU with Hafele India on 7 May 2025 in New Delhi to support product startups, MSMEs and entrepreneurs through infrastructure access, supplier development and market access.
Summary
The Department for Promotion of Industry and Internal Trade (DPIIT) and Hafele India Pvt. Ltd. signed a Memorandum of Understanding on 7 May 2025 in New Delhi to strengthen India's manufacturing and innovation ecosystem. Hafele will support startups and MSMEs with access to infrastructure, supplier development, technical collaboration and market access; it has already committed over USD 2.5 million in an Indian appliance manufacturing startup. DPIIT will facilitate ecosystem access through Startup India. The MoU was signed by Dr. Sumeet Jarangal, Director, DPIIT, and Frank Schloeder, Managing Director – South Asia, Hafele India, and is valid for two years from signing.
Key facts
- Signed
- 7 May 2025, New Delhi
- Parties
- DPIIT and Hafele India Pvt. Ltd.
- Hafele commitment
- Over USD 2.5 million in an Indian appliance manufacturing startup
- DPIIT role
- Ecosystem access via Startup India
- Validity
- Two years
Practice MCQs 2 questions
As per the DPIIT release on its MoU with Hafele India (7 May 2025), Hafele has already committed how much in an Indian appliance manufacturing startup?
Show answer
Correct answer: A — Over USD 2.5 million
Hafele has committed over USD 2.5 million in an Indian appliance manufacturing startup.
For how long will the DPIIT–Hafele India MoU signed on 7 May 2025 remain in effect from the date of signing?
Show answer
Correct answer: B — Two years
The MoU remains in effect for two years from signing, with scope for extension by mutual agreement.