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The Economic Times
The Economic Times

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

Mumbai (Maharashtra): India needs to increase domestic oil and gas production and significantly strengthen innovation in the energy sector to reduce its heavy dependence on imports, Oil and Natural Gas Corporation (ONGC) Chairman and CEO Arun Kumar Singh said on Tuesday.

Speaking to on the sidelines of the MC²⁺ Ignite Mumbai City Connect at IIT Bombay, Singh said energy self-reliance was essential for India to achieve its broader goal of becoming self-reliant.

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