Guwahati : Giving an account of the major initiatives of the Oil India Limited (OIL) and to help Assam in dealing with the problem of unemployment, the OIL is initiating a series of measures for the benefit of the students and entrepreneurs, and a start-up scheme.
The Chairman-cum-Managing Director of the OIL, Utpal Bora revealed that the creation of the Rs 50-crore start-up fund is one such endeavour. He said under the project, students and young entrepreneurs would be encouraged to come up with new and innovative ideas for development of the oil and gas sector in the State. He said that the Indian Institute of Technology, Guwahati would be the nodal point for the project and an MoU would be signed with the institute shortly.
The OIL is also planning to set up a skill development centre near Guwahati and an MoU would be signed with the Government of Assam soon. He said the details of the skill development centre would be worked out immediately after the signing of the MoU. Meanwhile, the company has initiated steps to start a driving training institute in collaboration with Maruti Suzuki at a cost of around Rs 20 crore. All these projects are being implemented in line with the NE Vision 2030 of the Government of India.
The OIL is also having talks with multinational service providers so that such companies can set up warehouses and small manufacturing units in the State to cater to the requirements of the oil companies.
Note: News shared for public awareness with reference from the information provided at online news portals.
