MOL India and IIT Bombay SINE sign MoU on innovation collaboration

Partnership aims to engage startups, share expertise and explore deep-tech pilots across logistics and maritime sectors;

Update: 2025-12-17 09:58 GMT

Prasad Shetty, Senior Vice President, Portfolio & Operations; Janhavi Suryavanshi, Senior Associate, Partnership & Outreach; Shaji Varghese, Chief Executive Officer; Anand Jayaraman; Executive Officer, South Asia & Middle East Region; Amit Singh, Regional Head of Business; Shantanu, General Manager, Business Development, South Asia & Middle East Region

Mitsui O.S.K. Lines (India) Pvt. Ltd. (MOL India) has signed a Memorandum of Understanding (MoU) with the Society for Innovation and Entrepreneurship (SINE) at IIT Bombay to strengthen innovation, engage with deep-tech startups and promote knowledge exchange.

Announced by Mitsui O.S.K. Lines, Ltd. (MOL) on December 17, the partnership aims to support collaboration in next-generation technologies with potential use across logistics, maritime operations, energy transition and broader social infrastructure.

The parties also intend to explore the co-design of thematic innovation initiatives, technology challenges, and accelerator-linked activities in areas of shared relevance. MOL India may nominate experts or senior professionals to participate as mentors or jury members in SINE’s programs, offering startups access to real-world industry insights while allowing MOL to gain visibility into emerging deep-tech capabilities.

Through this MoU, MOL India and SINE aim to meaningfully contribute to India’s innovation ecosystem by fostering solutions that can enhance industry competitiveness and support progress toward a more technologically advanced and sustainable future.

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