DPIIT signs MoU with private company ‘boat’ to help startups

Current Context: On December 27, 2024, in New Delhi, the Department for Promotion of Industry and Internal Trade (DPIIT) signed a Memorandum of Understanding (MoU) with the popular audio and wearables brand boAt.

• The aim of this collaboration is to support startups, especially in the direct-to-consumer (D2C) and manufacturing sectors.
• Through this MoU, boAt will provide mentorship, resources, and guidance to startups.
• This support will help startups in product development, market access, and scaling up their operations.
• The partnership also aims to assist startups in expanding their businesses internationally, thereby boosting India's entrepreneurial ecosystem.

Question

1. What is the primary focus of the collaboration between the Department for Promotion of Industry and Internal Trade (DPIIT) and boAt?

• A) Supporting educational institutions
• B) Promoting sports infrastructure
• C) Supporting startups in the D2C and manufacturing sectors
• D) Boosting the tourism sector

Answer: C) The collaboration focuses on mentoring and supporting startups in the direct-to-consumer (D2C) and manufacturing sectors, helping them develop products and scale operations.