In a move to accelerate startup growth and innovation, the Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has signed MoUs with HDFC Capital Advisors Limited and Roche Products (India). The collaboration with HDFC Capital focuses on empowering startups in affordable housing and PropTech through the H@ART (HDFC Affordable Real Estate and Technology) Programme. This initiative is designed to enhance efficiency, lower costs in residential real estate development, and foster innovation within the sector. Through this partnership, DPIIT and HDFC Capital will offer startups access to the affordable housing developer ecosystem, strategic funding opportunities, and mentorship via accelerators, academic institutions, and investors. Speaking on the initiative, Vipul Roongta, Managing Director & CEO of HDFC Capital, said, “India’s startup ecosystem is evolving rapidly. With H@ART, we aim to catalyse innovation in affordable housing and PropTech, aligning with the nation’s development goals.” Together, these collaborations mark a significant step towards enabling India’s next wave of sector-specific startup breakthroughs.
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