Bharat Petroleum Corporation (BPCL) has reportedly signed Memorandum of Understanding (MoU) with Kerala Startup Mission, a state government nodal agency for promoting entrepreneurship, to provide aid and investments in start-ups from various technology domains. It will also provide exclusive access for start-ups to its R&D facilities, expertise and network.
The MoU, which will be valid for two years, aims to spur the state government’s efforts and derive long-term benefits from start-ups.
BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.