Balmer Lawrie & Company has inked Memorandum of Understanding (MoU) with IIM Calcutta Innovation Park to provide seed fund of Rs 5 crore to start-up ideas in areas of operation of the PSU. IIM Calcutta Innovation Park would incubate the start-ups by providing work space, mentoring, networking, besides giving customer and investor-connect.
Balmer Lawrie & Company is engaged in providing greases and lubricating oils, industrial packaging (steel drums), logistics infrastructure and services, and tours and travel.