On 9 November 2025, India’s Department for Promotion of Industry & Internal Trade (DPIIT) announced it has signed MoUs with over fifty firms-including Flipkart, ITC and Mercedes‑Benz—to develop manufacturing incubators and strengthen the innovation ecosystem for startups. The recognition meanwhile sees 1,40,803 entities now listed under the “Startup India” scheme across Seed Fund and Credit Guarantee programmes. The move is aimed at embedding startups into industrial value‑chains and accelerating the “Make in India” to “Innovate in India” transition.