HPCL became the first Maharatna PSU to formally partner with DPIIT
In promoting startup-driven innovation, HPCL is the first Maharatna PSU to formally partner with DPIIT.
New Delhi: State-owned Hindustan Petroleum Corporation Limited (HPCL) and the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, have inked a Memorandum of Understanding (MoU) in a major move to strengthen India's innovation and startup ecosystem. In promoting startup-driven innovation, HPCL is the first Maharatna PSU to formally partner with DPIIT.
The MoU was signed by Sandeep Maheshwari, Executive Director – CS & BD, HPCL, and T. Lalit K. Singh, Deputy Secretary, DPIIT, in the presence of Sanjiv, Joint Secretary, DPIIT, and R. Sella Prabhu, GM – Business Development (CS&BD), along with other senior dignitaries from both organizations.
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This historic partnership demonstrates HPCL's commitment to fostering innovative ideas and fostering entrepreneurial talent through HP Udgam, its flagship startup program.
In order to promote a thriving culture of creativity and problem-solving, the program seeks to support innovative and promising startup businesses in the energy industry and related sectors.
Through this collaboration, HPCL and DPIIT hope to empower startups in line with national energy and sustainability goals by utilising institutional support, funding, and mentorship.
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