Overview On October 23, 2025 , the Department for Promotion of Industry and Internal Trade (DPIIT) , under the Ministry of Commerce and Industry , signed a Memorandum of Understanding (MoU) with Primus Partners Pvt Ltd . This partnership is aimed at enhancing collaboration to strengthen India’s startup and innovation ecosystem. Key Developments Objectives of the MoU The primary objective is to enhance support for early-stage and growth-stage product startups. This support will be provided through structured capacity-building interventions. Expert mentorship programs will be established. Market access initiatives will be facilitated. Policy awareness drives will be conducted. The partnership will also facilitate technology integration for startups. Statements from Key Officials Shri Sanjiv , Joint Secretary, DPIIT , stated, “This collaboration reaffirms DPIIT’s commitment to fostering an innovation-led economy that thrives on creativity, technology, and enterprise. India’s startup ecosystem today stands at the cusp of global transformation. By strengthening linkages between policy, industry, and innovation, we aim to create pathways that empower startups to drive sustainable growth, job creation, and India’s emergence as a global innovation powerhouse.” Shri Davinder Sandhu , Co-Founder and Chairman, Primus Partners , noted that the partnership with DPIIT would facilitate structured engagement with the startup community through mentoring, knowledge sharing, and industry linkages. He emphasized that such initiatives will contribute to building a robust environment that supports innovation and entrepreneurship in the country. UPSC Relevance GS Paper 3: Economy This MoU is relevant to GS Paper 3 , specifically the sections on Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment , as well as Science and Technology- developments and their applications and effects in everyday life . It highlights government efforts to promote innovation and entrepreneurship, which are crucial for economic growth and job creation. GS Paper 2: Government Policies and Interventions The initiative also aligns with GS Paper 2 , focusing on Government policies and interventions for development in various sectors and issues arising out of their design and implementation . The MoU exemplifies a government-led initiative to support a specific sector (startups) through policy and collaborative efforts. Important Facts DPIIT: Department for Promotion of Industry and Internal Trade Primus Partners Pvt Ltd: A private sector partner collaborating with DPIIT Objective: To strengthen India's startup and innovation ecosystem Focus: Early-stage and growth-stage product startups Key Areas: Capacity building, mentorship, market access, technology integration