Indian state-run oil companies to set up energy-focussed startup fund

Indian state-run oil companies to set up energy-focussed startup fund

Pradhan said the chiefs of state-run energy firms will take part in the start-up movement in the country. Photo: Manoj Verma/Mint

State-owned oil companies will soon set up a fund that will finance startups based on innovative ideas in the energy sector, oil minister Dharmendra Pradhan said at the Natural Gas Vision 2025 conference organized by the Indian Oil Corp. Ltd (IOC) in New Delhi on Tuesday.

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