"India's intellectual capability is contributing immensely to the growth
of the global oil & gas economy. When we talk about the growth of the
hydrocarbon sector in India, it is important to develop new business
models, marketing plans, technology and innovations in the sector.
For the same, the oil & gas PSUs are setting up venture capital funds to
encourage start-ups based on innovative ideas in the energy sector."
Shri Dharmendra Pradhan,
Minister of State (I/C) for Petroleum and Natural Gas,
Government of India.