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DPIIT inks MoU with Tally Solutions to mentor manufacturing startups

Published: Dec 18, 2024

By TIOLCorplaws News Service

NEW DELHI, DEC 18, 2024: IN a bid to virtually empower startups in the manufacturing sector, the Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Tally Solutions Pvt Ltd, a renowned leader in business management software.

Pertinently, this strategic partnership is aimed at introducing a comprehensive, module-based workshop series, tailored to address critical challenges faced by startups in areas such as financial management, compliance, marketing, digitization, and investment preparedness.

Dwelling on the wider horizon of this unique initiative, Sanjiv Singh, Joint Secretary, Startup India, said that it would certainly go a long way in empowering startups with deep insight and practical tools to navigate the complexities of today's business scenario far ahead of merely a training program.

"Ultimately, our aim is to put in place a viable ecosystem where innovation thrives, contributing to India's frontal position of Startup in entrepreneurship and economic growth across the globe."

Underscoring the need of this useful collaboration, Dr. Sumeet Kumar Jarangal, Director Startup India, said that Startup India's partnership with Tally Solutions ushers a paradigm shift to empower startups in creating synergies for a strong foundation to achieve sustainable businesses in highly competitive markets both within the country as well as globally.

Commenting on the partnership, Tejas Goenka-MD from Tally Solutions Pvt Ltd said "Supporting Indian entrepreneurs is crucial for unlocking the country's growth potential. At Tally, we focus on equipping entrepreneurs with the right tools, technology, and knowledge to help them grow their businesses. The effort that DPIIT has been making to support this ecosystem has been incredible, and we are proud to partner with them to support entrepreneurs in their journey."

Notably, Tally Solutions will offer hands-on training, case studies, and expert-led sessions to help startups streamline operations, adopt scalable business practices, and position themselves for long-term growth.

Key features of this collaborative initiative by Tally include:

Free One-Year Rental Licenses of Tally Prime software for participants.

Targeted Modules covering critical business areas such as accounting principles, tax compliance, marketing strategies, digitization tools, and investor readiness.

Networking Opportunities with industry mentors and peers.

Post-Workshop Support to ensure sustained learning and operational improvements.

 

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