Department for Promotion of Industry and Internal Trade (DPIIT) under the government of India has signed a Memorandum of Understanding (MoU) with the Tally, an Indian enterprise specializing in business management software. The collaboration stands to empower startups in the manufacturing sector through the combined efforts of both partners. 

The strategic partnership is aimed at introducing a comprehensive, module-based workshop series, tailored to address critical challenges faced by startups in areas such as financial management, compliance, marketing, digitization, and investment preparedness. 

Key benefits for startups 

The major benefits to be facilitated to the startups by Tally through this collaboration include: 

1. Free One-Year Rental Licenses of Tally Prime software for participants.
2. Targeted Modules covering critical business areas such as accounting principles, tax compliance, marketing strategies, digitization tools, and investor readiness.
3. Networking Opportunities with industry mentors and peers.
4. Post-Workshop Support to ensure sustained learning and operational improvements.

Shri Sanjiv Singh, Joint Secretary, Startup India 

He remarked, “Ultimately, we aim to put in place a viable ecosystem where innovation thrives, contributing to India’s frontal position of Startup in entrepreneurship and economic growth across the globe” the signing of the MoU.   

He said the collaboration would certainly go a long way in empowering startups with deep insight and practical tools to navigate the complexities of today’s business scenario far ahead of merely a training program. 

Shri Tejas Goenka-MD, Tally Solutions

“Supporting Indian entrepreneurs is crucial for unlocking the country’s growth potential. At Tally, we focus on equipping entrepreneurs with the right tools, technology, and knowledge to help them grow their businesses. The effort that DPIIT has been making to support this ecosystem has been incredible, and we are proud to partner with them to support entrepreneurs in their journey” remarked underlining the importance of empowering entrepreneurs. 

The ecosystem stands to benefit significantly as Tally Solutions will be offering hands-on training, case studies, and expert-led sessions to help startups streamline operations, adopt scalable business practices, and position themselves for long-term growth.

Read more about the efforts by DPIIT at: DPIIT inks MoU with HDFC Bank to empower startups with world-class banking and financial services

India’s startup ecosystem 

The startup ecosystem in India is thriving and experiencing remarkable growth. It ranks as the third-largest in the world, housing around 67 unicorns within the country and 109 unicorns globally. I've shared an article below that provides more insights into its performance in job creation—be sure to give it a read.

Read more: Indian startups create over 16.6 lakh direct jobs by Oct 2024, with IT Services leading the way. 

Top Indian startups include Zepto, Sprinto, Lucidity, Growth X, and Jar, as per LinkedIn.