DPIIT Signs MoUs with PhonePe and Shell India to Strengthen Startup Ecosystem

August 20, 2026 7:43 PM

DPIIT Signs MoUs with PhonePe and Shell India to Strengthen Startup Ecosystem

The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has signed Memoranda of Understanding (MoUs) with PhonePe and Shell India to strengthen support for DPIIT-recognised startups and promote innovation across key sectors. The agreements, signed on August 19, 2026, aim to improve startups' access to technology, digital infrastructure, mentorship, market opportunities and industry networks, while supporting the development of an inclusi...

GeM Procurement from MSEs Crosses Rs 8.69 Lakh Crore; Registered Units Rise to 11.9 Lakh

June 9, 2026 3:04 PM

GeM Procurement from MSEs Crosses Rs 8.69 Lakh Crore; Registered Units Rise to 11.9 Lakh

The Government e Marketplace (GeM) has recorded procurement worth more than ₹8.69 lakh crore from micro and small enterprises (MSEs), while the number of registered MSEs on the platform has increased to over 11.9 lakh from 2,396 in 2016-17, according to the Ministry of Commerce and Industry. The number of orders placed through the platform has also risen from 2,994 to more than 2.17 crore during the same period. Launched on August 9, 2016, GeM was conceived as a governance reform aimed at tr...