• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Kolkata , Dec. 1

THE ONGC Chairman & Managing Director, Mr Subir Raha, said here on Wednesday that domestic IT companies were "totally indifferent" to the software needs of the oil and gas sector and that they had taken "zero initiative" in this regard.

Speaking at the Infocom 2004 Conference & Exhibition here, Mr Raha said domestic IT companies were chasing easy revenue and were reluctant to invest time in developing software that would meet the specific requirements of oil and gas exploration and production. He said ONGC was open to the idea of leveraging its domain knowledge and partnering with domestic IT companies for setting up software and select hardware capabilities that would meet the specific requirements of oil and gas exploration and production. He called upon Indian software companies to develop algorithms and capabilities with "strategic implications" for the oil and gas sector.

More Stories on : Petroleum | Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
States diverting fuel cess funds to meet revenue expenses

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line