IOCL chairman criticizes low energy innovation funding, pledges startup support
Indian Oil Corporation chairman A. S. Sahney highlighted concerns over limited investment in energy innovation during a recent address. He announced the state-owned firm’s commitment to fund startups working on hydrogen and mobility solutions, though no specifics on funding size or timelines were disclosed.
Sources: thehindu.com
“This signals a rare acknowledgment from a major public-sector energy player that innovation gaps exist—and a willingness to back early-stage ventures, even as private investment in India’s cleantech sector remains uneven.”
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