New Delhi, April 7 -- The Ministry of Petroleum and Natural Gas (MoPNG) has reported remarkable success in its startup initiatives, with ONGC's startup fund achieving a 450 percent valuation growth over the past five years.

According to the ministry's release, WellRx, recognised as the first oilfield startup under the Startup India Policy, has expanded its energy solutions to more than 120 countries globally, demonstrating the international reach of India's energy innovation ecosystem.

IndianOil has made significant contributions to the startup landscape through its IndS_UP initiative, providing funding to 42 startups that have collectively generated 86 intellectual properties and created 635 jobs.

Oil India has focused its support on ...