IOC plans to be tech provider, licenser


IOC plans to be tech provider, licenser

Indian Oil Corporation’s (IOC) research and development centre plans to become a full-fledged technology provider and licenser globally.

The facility in Faridabad has thus far played the crucial role of shaping technologies to help IOC grow revenues, efficiencies and product yield as well as look beyond fossil fuel.

“All the adoption [had been] within IOC. Time has come that we cross IOC boundaries [and] national boundaries as well. We want to be a full-fledged technology provider and licenser,” SSV Ramakumar, director (R&D) told journalists on a visit to the centre recently. Read More

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