India needs energy innovation to reduce 88% oil import dependence: ONGC chief

To ensure energy self-sufficiency, India must boost its domestic oil and gas output. Arun Kumar Singh, Chairman of ONGC, highlighted the significance of innovation in minimizing import reliance. The emergence of startups is essential for creating groundbreaking technological advancements in the energy domain. Adjustments to procurement regulations for oil public sector undertakings are necessary to support these new technologies.