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OIL announces start-up fund

By Staff Reporter

GUWAHATI, Oct 7 - Oil India Limited (OIL) has announced a Rs 50-crore OIL Start-up fund to foster, nurture and incubate new ideas related to oil and gas sector.

The proposal for setting up the OIL Start-up fund was approved in the 469th board meeting of the company held recently and is in line with the Central Government�s flagship programme �Start-up India�, a press release said.

The key objectives of the fund include developing innovative solutions, technologies and products through start-ups for solving business problems; and developing start-ups as an important channel for OIL for expanding into new related business sectors.

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OIL announces start-up fund

GUWAHATI, Oct 7 - Oil India Limited (OIL) has announced a Rs 50-crore OIL Start-up fund to foster, nurture and incubate new ideas related to oil and gas sector.

The proposal for setting up the OIL Start-up fund was approved in the 469th board meeting of the company held recently and is in line with the Central Government�s flagship programme �Start-up India�, a press release said.

The key objectives of the fund include developing innovative solutions, technologies and products through start-ups for solving business problems; and developing start-ups as an important channel for OIL for expanding into new related business sectors.