India, Aug. 20 -- The Government of India has issued a release:
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, signed Memoranda of Understanding (MoUs) with PhonePe and Shell India Pvt. Ltd. on 19 August 2026 to strengthen support for DPIIT-recognised startups and promote innovation across key sectors of the economy.
The partnerships are aimed at enhancing access to technology, digital infrastructure, mentorship, market opportunities and industry networks, while fostering a robust, inclusive and self-reliant startup ecosystem in the country.
Under its collaboration with DPIIT, PhonePe will provide DPIIT-recognised startups with a range of benefits, including transaction credits thr...