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DPIIT Partners with Cashfree Payments to Boost Indian Startup Ecosystem
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed agreements with five firms, including Cashfree Payments, to provide comprehensive support to Indian startups. Eligible startups will gain access to secure payment solutions, identity verification, and risk management services, along with preferential onboarding and commercial benefits.
BreakingIndia Relaxes FDI Rules for E-commerce Exports of Domestically Made Goods
India's Department for Promotion of Industry and Internal Trade (DPIIT) has eased foreign direct investment (FDI) restrictions on inventory-based e-commerce, but *only* for the export of goods manufactured or produced within India. This strategic move aims to significantly boost the country's exports while continuing to safeguard small domestic retailers from direct competition with large foreign-backed e-commerce entities.
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