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ONGC launches Rs 100 crore start-up fund

ONGC launches Rs 100 crore start-up fund 

Oil and Normal Gas Company Ltd (ONGC) has dispatched a Rs 100-crore start-up asset on its Precious stone Celebration year "to cultivate, support and hatch new thoughts identified with oil and gas part". The activity dedicated 'ONGC Start-up', is in accordance with the administration's 'Start-up India' activity.

As a feature of this activity, ONGC would give the whole bolster chain to new businesses, including seed capital, hand-holding, coaching, market linkage and subsequent meet-ups. The point of the activity is to build the commitment of crisp implementable thoughts in the oil and gas part, said an organization articulation.

Dinesh K Sarraf, administrator and overseeing chief, ONGC, said that this activity would advance business enterprise among more youthful Indians by making a biological system that is helpful for the development of new companies in the oil and gas part, which has an immense potential for innovation empowered thoughts.

He said that the oil and gas division was contributing gigantically to the development of the economy. As of now, the area faces different basic difficulties and new thoughts are required to relieve those difficulties.

To energize development among its own particular representatives, ONGC additionally honored its three youthful officers – Rajendra Bhambhu, Deepak Naik, and Prajesh Chopra – for their imaginative thoughts. Rajendra Bhambhu and Deepak Naik built up an imaginative wellbeing gadget for apparatuses that encourages setting up of crisis brake to enlarge security system on penetrating apparatuses. Prajesh Chopra built up an exceptional double SIM cell switch framework that gives information availability at work-over apparatuses. This framework diminishes the bother of continuous disassembling and reinstallation amid apparatus transportation, accordingly sparing time and cash.

Related :

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