PSU GAIL (India) Limited has significantly increased its Start-up Investment Fund, expanding the corpus from Rs 100 crore to Rs 500 crore. This move aims to stimulate innovation, support emerging businesses, and accelerate the growth of India’s start-up ecosystem.
The enhanced fund will focus on nurturing start-ups across various sectors such as clean energy, renewables, energy storage, electric mobility, and digital transformation. This aligns with GAIL’s commitment to support ventures that contribute to India’s vision of a self-reliant nation.
Mr. Sandeep Kumar Gupta, GAIL’s Chairman & Managing Director (CMD), expressed enthusiasm for supporting the Start-Up India Mission, underlining the company’s role in encouraging innovation and sustainability in the energy and technology sectors. Gupta stated, “With the increased fund, we aim to provide greater financial and strategic backing to entrepreneurs working on breakthrough ideas.”
Since its inception in 2017, GAIL’s Start-Up initiative ‘Pankh’ has already invested in 36 start-ups across diverse fields, including CBG, electric mobility, IoT, logistics, and environment. The company expects its supported start-ups to grow into successful enterprises, contributing to India’s ambition of becoming a ‘Start-up Nation’.
For more information on GAIL’s Start-Up initiatives, visit GAIL Start-Up Initiative.
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