Launched in 2016, Startup India was introduced to revolutionize the Indian startup ecosystem. The DPIIT, formerly known as the Department of Industrial Policy and Promotion, plays a pivotal role in administering and executing various aspects of the initiative. Its objectives include simplifying business regulations, offering financial support, and creating a supportive environment for startups.
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The Department for Promotion of Industry and Internal Trade (DPIIT) is a government agency in India responsible for formulating policies and implementing initiatives to promote economic growth, entrepreneurship, and investment across various sectors. It plays a pivotal role in fostering innovation and ease of doing business in the country.