A workshop on creating an innovation ecosystem for Start Ups in the oil and gas sector was held in New Delhi today.<br/><br/> Inaugurating the workshop, Petroleum Minister Dharmendra Pradhan said, the Oil and Gas PSUs have allocated 300 Crore rupees for Start Ups and their detailed action plans are in the advanced stages of preparation. He said, many of the Public Sector Undertaking are looking to tie up with IITs and IIITs for incubation facilities and initial hand holding. <br/><br/>Mr Pradhan emphasized that India's Oil and Gas sector is on the threshold of becoming the key economic force in the development of the country.<br/><br/> He urged all the participating companies across the hydrocarbons value chain to work towards creation of a robust start up ecosystem in oil and gas sector in India. <br/><br/>Start-Up India initiative was launched by Prime Minister Narendra Modi in January this year. The initiative aims at fostering entrepreneurship and promoting innovation by creating an ecosystem that is conducive for growth of Start-ups.