With an aim to boost industry and foster,nurture and incubate new ideas related to oil and gas sector, state-owned Oil Natural Gas Corporation (ONGC) on Monday launched a Rs 100 crore startup fund on its Diamond Jubilee year.

The move billed as ‘ONGC Start-up’, is in line with the Union government led by Prime Minister narendra Modi’s initiative- ‘Start-up India’.

To mark the event,ONGC CMD Dinesh K Sarraf is pon record saying,“This initiative will promote entrepreneurship among the younger Indians by creating an ecosystem that is conducive for growth of Start-ups in the oil & gas sector, which has a huge potential for technology-enabled ideas.


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