GAIL (India) has launched a start-up initiative titled ‘Pankh’ to identify and promote innovative ventures. To promote the initiative, the company has created a corpus of Rs 50 crore for investing in start-ups and would also provide mentoring to them in core areas of the company, i.e., natural gas and its derivatives.
This step has been taken by the company with the objective of nurturing the spirit of entrepreneurship among Indians as envisioned by Prime Minister Narendra Modi.
Further, the company has also launched a start-up Web Portal through which potential candidates can submit their proposals to GAIL. The Portal can be accessed through the GAIL website and will remain open till August 16, 2017.
