The Marathwada Accelerator for Growth and Incubation Council (MAGIC) has been selected for the Startup India Manufacturing Incubator Initiative. Department for Promotion of Industry and Internal Trade (DPIIT) led the initiative and it represents an opportunity to drive manufacturing sector toward a future of innovation.
The initiative was launched in April to overcome challenges like access to resources and infrastructure. It aims to provide tools and facilities required by the startups to thrive. The program is named “Build Bharat with Startup India” and mainly focuses on creating a thriving manufacturing base that can contribute to the economy. It is a mission to support businesses and also to build the backbone of a self-reliant India.
The involvement of MAGIC is noteworthy as it is regional hub and brings a unique perspective as well as expertise to the table. The vision of Executive Director Kedar Deshpande highlights commitment of the council to address core challenges in the industry.
The significance of MAGIC’s participation lies in its infrastructure and also in its role as an enabler of regional progress. Having access to facilities like these can be the difference between struggling to get off the ground and achieving scale for local manufacturing startups. MAGIC Director Maithility Tambolkar emphasized on the role of council in creating a supportive ecosystem.
The selection of MAGIC for this initiative highlights the potential for transformation within India’s manufacturing sector. The government is sending a powerful message and it is that India’s path to self-reliance will be built on a foundation of local innovation, infrastructure and entrepreneurship. MAGIC does so with the hope of strengthening a manufacturing arena where startups are supported as well as empowered to lead the way forward.
