New Delhi, 26 February. The Department of Industry Promotion and Internal Trade (DPIIT) and Paytm have joined hands to promote Fintech and Manufacturing Startups in India. Under this, the company will provide guidance, infrastructure support, market access and funding opportunities to startups.
In a statement released on Wednesday, the Ministry of Commerce and Industry said that the government has signed an MoU with Paytm (One 97 Communications Limited) to promote innovation in India and accelerate the development of manufacturing and fintech startups. The memorandum was signed by DPIIT Director Sumit Kumar Jarangal and Paytm founder and Chief Executive Officer (CEO) Vijay Shekhar Sharma in the presence of senior officials.
The ministry said that under this cooperation, Paytm will provide guidance to startups, infrastructure assistance, market access and funding opportunities, which will help them in expansion and innovation. “DPIIT Joint Secretary Sanjeev said,” Our purpose is to help entrepreneurs and increase their environment by taking advantage of Paytm’s financial technology expertise and infrastructure. “
Paytm founder Vijay Shekhar Sharma said that Paytm is committed to empower entrepreneurs through guidance, financial assistance and access to state -of -the -art technology. One 97 Communications Limited owes Paytm.
It is worth mentioning that DPIIT has earlier signed similar agreements with several companies including professional forums Apna, Rukam Capital, Awana Capital, Bhane Group, Flipkart and ITC.
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/ Prajesh Shankar
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