The union government on Monday said energy major ONGC will
fund and encourage startups to carry out research and innovation for
development of advance electric household stoves which can be powered using
solar power.
According to Union Petroleum and Natural Gas Minister
Dharmendra Pradhan, funds from the "ONGC StartUp Program" will be
used to make the idea of solar-powered electric stove a reality.
"The Prime Minister has challenged the entier energy
sector... (the challange) is to develop common electric household stoves that
can be powered by solar energy," Pradhan said.
"For the development of this...startup fund from the
energy sector will be used for research, inovation and development of business
models by startups."
"Every household in our country can have electric
stoves run on solar energy and startups should come forward to make this
imagination a reality," Pradhan said.
Pradhan was speaking on the sidelines of an event held here
to launch Pradhan Mantri Sahaj Bijli Har Ghar Yojana or Saubhagya by Prime
Minister Narendra Modi.
Prime Minister Modi on Monday exhorted the ONGC to take up a
challenge, on the occasion of Pandit Deendayal Upadhyay's birth anniversary, to
work towards making an "efficient electric chulha (stove)", which
would enable cooking using the solar power.
Prime Minister Modi said in one stroke, this innovation
would significantly impact the nation's dependence on imported fuel.
He said while the world was working towards electric cars,
in India, in addition to electric cars, electric stoves would go a long way in
meeting the needs of the people.
Last year, the ONGC had launched a Rs 100-crore startup fund
in its "Diamond Jubilee" year to foster, nurture and incubate new
ideas related to oil and gas sector.
As part of this initiative, the ONGC provides entire support
chain for startups, including seed capital, hand-holding, mentoring market
linkage and follow-ups.
Source: IANS
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