New Delhi, June 1, 2018: GAIL had launched its ambitious Start-up initiative ‘Pankh’ in July’ 2017 to invest in equity of promising Start-ups. GAIL has created a corpus of Rs. 50 crores for these investments. In addition, GAIL also provides mentoring to Start-ups operating in its Core areas to help the Start-Ups to scale-up faster.
GAIL’s 1st round of Solicitation launched in July’ 2017 received an overwhelming response. Following the foot-steps of the successful culmination of the 1st round, GAIL has now launched its 2nd round of Solicitation from June 1, 2018 to invite Investment Proposals from Start-Ups.
Speaking on the occasion, Sh. B.C. Tripathi, C&MD, GAIL said “we are enthused to support the Start-Up India Mission on the clarion call of the Hon’ble Prime Minister. 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 www.gailonline.com till June 20, 2018.
