The Indian government has signed a three-point bilateral agreement with the US government aiming to harness new technologies in the hydrocarbon sector. The agreement was signed between Oil Minister Dharmendra Pradhan and US Secretary of Energy Dr Ernest Moniz in Washington.
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Indian companies need to invest more in R&D
To stay competitive, companies have to be on their toes to cope up with integration of new technologies and sustain it in the long run, says Amit Gupta, CEO, Essar Projects (Hydrocarbons),