Oil Marketing Cos Invest Rs 290 Cr To Help Realise Startup Dreams

New Delhi: Six oil marketing companies (OMC) in India have invested Rs 290 crore from their Rs 550-crore startup fund -- nurturing 303 startups so far -- Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said on Tuesday.

The Union Minister said the country continues to stand as the world’s third-largest startup ecosystem.

“India’s startup journey is not just about numbers. It is about dreams, determination, and a future shaped by innovation,” said the minister in a post on X social media platform.

Hardeep Puri further stated that the country has over 1.5 lakh startups and 120 unicorns.

“Contributing to this remarkable progress are the 6 Oil Marketing Companies under @PetroleumMin, which have created a Rs 550 crore startup fund. Already, Rs 290 crore has been invested to support 303 startups,” the Union Minister informed.