The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, signed a Memorandum of Understanding (MoU) with HDFC Capital Advisors Limited to foster innovation and support startups in the affordable housing and PropTech sectors. This strategic collaboration reinforces DPIIT’s commitment to building an inclusive, innovation-driven startup ecosystem aligned with the goals of Atmanirbhar Bharat and Viksit Bharat@2047.
A key element of the partnership is the H@ART Programme (HDFC Affordable Real Estate and Technology Programme), an initiative launched by HDFC Capital to enhance efficiency and reduce costs across the residential real estate development cycle. The programme aims to facilitate growth opportunities through linkages with the affordable housing developer ecosystem, strategic investments in emerging PropTech companies, and mentorship in collaboration with accelerators, academic institutions, and investors.
Joint Secretary, DPIIT, Sanjiv, underlined the significance of engaging with key industry stakeholders such as HDFC Capital Advisors Limited to foster innovation and scale in India’s evolving startup landscape.
Managing Director and CEO, HDFC Capital Advisors Limited, Vipul Roongta stated, “The Indian startup ecosystem has shown remarkable progress, and HDFC Capital is eager to play a pivotal role in accelerating innovation in affordable housing and PropTech, contributing to the nation’s development goals.”
The MoU was formally signed by Director, DPIIT, Mohammad Isharar Ali and Managing Director and CEO, HDFC Capital Advisors Limited, Vipul Roongta, in the presence of senior officials from both organisations.
This partnership marks another milestone in DPIIT’s ongoing efforts to catalyze public-private collaboration for a resilient, self-sustaining, and forward-looking innovation ecosystem.
DPIIT and Roche India sign MoU to catalyze innovation and entrepreneurship in healthcare sector
MoU to provide Indian startups access to global expertise, infrastructure and international platforms
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, signed a Memorandum of Understanding (MoU) with Roche Products (India) Pvt. Ltd. to bolster DPIIT-recognized startups working in critical therapeutic areas such as oncology, neurology, ophthalmology, haematology, and rare diseases. Under the MoU, Roche India will provide mentorship from global experts, support pilot and validation studies, and offer access to cutting-edge technologies, infrastructure, and international platforms to help scale promising innovations.
The MoU was formally signed by Director, DPIIT, Dr. Sumeet Jarangal and Managing Director, Roche Products (India) Pvt. Ltd., Smt. Rajwinder Mehdwan, in the presence of senior officials from both organizations.
Joint Secretary, DPIIT, Shri Sanjiv highlighted the importance of industry–startup collaboration in integrating disruptive health innovations into the market. He noted that the partnership would offer guidance on regulatory pathways, intellectual property, and global health standards, along with opportunities for real-world validation. Capacity-building in Health Economics and Outcomes Research (HEOR), Good Clinical Practices (GCP), and patient engagement will also be a key focus area.
Managing Director, Roche Products (India) Pvt. Ltd., Smt. Rajwinder Mehdwan described the MoU as the beginning of a collaborative journey to support Indian healthtech startups in developing patient-centric solutions tailored to India’s healthcare needs.
This MoU underscores DPIIT’s commitment to fostering impactful public-private partnerships that promote inclusive growth and position India as a global hub for health innovation.
