India Encourages Corporate-Startup Collaboration to Boost Manufacturing and Innovation

India's government is promoting stronger collaboration between large corporations and startups to foster innovation, reduce manufacturing costs, and boost domestic production. DPIIT Secretary Amardeep Singh Bhatia highlighted initiatives like National Startup Day on January 16, which will launch 75 Grand Challenges and present 20 National Startup Awards. The government has also facilitated over $51 billion in foreign direct investment in six months, reflecting confidence in India's growth and manufacturing sectors.