GAIL (India) has launched its second round of Solicitation from June 1, 2018 to invite Investment Proposals from Start-Ups, following the foot-steps of the successful culmination of the first round. The company’s first round of Solicitation launched in July 2017 received an overwhelming response.
The company 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 crore for these investments. In addition, the company also provides mentoring to Start-ups operating in its Core areas to help the Start-Ups to scale-up faster.
GAIL India is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.
