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GAIL opens 2nd round for Proposal submission by Start-Ups

Published in Corporate Saturday, 02 June 2018 12:32


 
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,  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.

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