https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

HPCL Signs MoU with DPIIT to Strengthen Startup-Driven Innovation Ecosystem 

HPCL becomes the first Maharatna PSU to partner with DPIIT to foster startup-driven innovation
Indian Masterminds Stories

In a significant step toward boosting India’s innovation and startup ecosystem, Hindustan Petroleum Corporation Limited (HPCL) has signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry. With this partnership, HPCL becomes the first Maharatna PSU to formally collaborate with DPIIT in fostering startup-driven innovation.

The MoU was signed by Sandeep Maheshwari, Executive Director – CS & BD, HPCL, and T. Lalit K. Singh, Deputy Secretary, DPIIT, in the presence of Sanjiv, Joint Secretary, DPIIT, and R. Sella Prabhu, GM – Business Development (CS&BD), along with other senior dignitaries from both organizations.

This landmark collaboration underscores HPCL’s dedication to nurturing entrepreneurial talent and driving innovation through its flagship startup initiative, HP Udgam. The initiative aims to support promising and innovative startup ventures in the energy sector and allied fields, with the goal of fostering a vibrant culture of innovation and problem-solving.

Through this partnership, HPCL and DPIIT aim to leverage institutional support, mentorship, and funding to empower startups aligned with national energy goals and sustainability targets.

About the Stakeholders:

HPCL is a Maharatna public sector undertaking engaged in the petroleum and natural gas sector. Headquartered in Mumbai, it is a subsidiary of ONGC and functions under the administrative control of the Ministry of Petroleum and Natural Gas.

DPIIT is a central department under the Ministry of Commerce and Industry. It is responsible for the formulation and implementation of industrial policies and promotion of investment and innovation. It also plays a crucial role in facilitating foreign direct investment (FDI) into the country and spearheading startup ecosystem initiatives like Startup India


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
POWERGRID Award
POWERGRID Honoured at CII-CWL Gender Parity Business Awards 
Uttar Pradesh Police (UP)_resized
UP Govt Orders Probe into Clean Chit for CO Sambhal Anuj Chaudhary Following Ex-IPS Complaint
IAS Officers Indian Administrative Services (IAS)
Uttarakhand Government Promotes IAS Officer Sujata Following High Court's Contempt Warning
LabourDay2025
Labour Day 2025: Here’s how PSU’s Celebrated the toil of their Workforce
U Sagayam IAS
IAS Officer U Sagayam Declines to Appear in Granite Scam Case Citing Threat to Life
NBCC
NBCC Bags Rs. 95.66 Crore Renovation Contract from Sushma Swaraj Institute of Foreign Service
MOIL
MOIL Ltd Posts 27% Surge in Q4 Profit; Recommends Final Dividend of Rs 1.61
Coal Production (resized)
India’s Coal Production and Dispatch Rose Steadily in April 2025
ADVERTISEMENT
ADVERTISEMENT
Videos
IMG-20250429-WA0019
How Mission IAS is Transforming Dreams of Underprivileged UPSC Aspirants
Aakash Garg
Computer Engineer Aakash Garg Takes AIR-5 in UPSC CSE 2024 Through Sheer Discipline And Hard Work | Exclusive
Sandeep M Tamgadge
How IPS Sandeep M Tamgadge’s Journey Can Guide Your UPSC Preparation
ADVERTISEMENT
UPSC Stories
Ashi Sharma
How an Architect Ashi Sharma Redesigned Her Future
After shifting from architecture to civil services, Ashi Sharma cracked the UPSC with AIR 12 in her third...
Ravi Raj, from Nawada, Bihar
Visually Impaired Ravi Raj Cracked AIR 182 With His Mother’s Assistance
She used to read out the syllabus to Ravi Raj. She used to prepare subject-wise notes for him. She also...
WhatsApp Image 2025-04-29 at 13.32
Born Without Sight, But Never Without a Dream: Manu Garg, AIR-91, CSE 2024
He lost his sight, but not his vision. Manu Garg’s journey to securing AIR-91 in UPSC CSE 2024 lit a...
Social Media
IAS Pulkit Garg
Central Jail Road Transforms into a Vibrant People-Centric Street in Varanasi
This road has been given a soul, the soul of a musical path, adorned with pink enamel folk art and every...
Rajan Singh Ex-IPS
Ex-IPS Officer Rajan Singh Shares Powerful Insight on Influence through Action
Mr. Rajan Singh is an ex-IPS officer of the 1997-batch (Kerala cadre) and founder of HabitStrong Org...
Exam Student Aspirant
'Bramhastra' For Aspirants Appearing for UPSC Prelims Exam 2025, ICLS Officer Altap Shaikh Shares Final Month Strategy
Officer Shaikh's practical and focused suggestions come as a timely morale booster for thousands of candidates...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
POWERGRID Award
POWERGRID Honoured at CII-CWL Gender Parity Business Awards 
Uttar Pradesh Police (UP)_resized
UP Govt Orders Probe into Clean Chit for CO Sambhal Anuj Chaudhary Following Ex-IPS Complaint
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IMG-20250429-WA0019
Aakash Garg
Sandeep M Tamgadge
ADVERTISEMENT
ADVERTISEMENT