GAIL invites 2nd round of investment proposals from Start-Ups

State-run gas utility GAIL has launched its 2nd round of Solicitation from June 1, 2018 to invite investment proposals from Start-Ups.

GAIL had launched its ambitious Start-up initiative ‘Pankh’ in July’ 2017 to invest in equity of promising Start-ups. It has created a corpus of Rs. 50 crore for these investments. In addition, it also provides mentoring to Start-ups operating in its core areas to help them scale-up faster.

Speaking on the occasion, GAIL CMD B.C. Tripathi said “we are enthused to support the Start-Up India Mission of the government. India’s young generation of entrepreneurs have the potential to develop innovative ideas into successful business ventures. I hope that Start-Ups funded by GAIL shall become successful companies in the long-run and generate wealth for the nation.”

The Start-Ups can submit their Investment Proposals for consideration by GAIL on their web-portal< > till June 20 this month, a company statement said.

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