Delhi-based start-up Indo Petroleum Marketing (IPM) has begun its pan-India operations in Assam after being granted fuel retail marketing authorization by the Ministry of Petroleum and Natural Gas. IPM aims to set up five outlets in rural areas of Assam and plans to establish petrol pumps nationwide. This makes IPM the first Ministry-authorized start-up private oil marketing company (OMC) to begin operations.
"IPM will set up retail outlets or petrol pumps across the country to undertake fuel sales to the public. In the first phase, we will set up 100 outlets within five years," IPM Founder Gyan Prakash Sharma told PTI here.
Delhi-based start-up to set up 15 fuel retail outlets in Assam bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.