GAIL invitations funding proposals from startups working in focus areas

GAIL (India) Ltd, the nation’s largest fuel transmission and distribution agency, on Wednesday stated it would spend money on startups working in focus areas and is now searching for funding proposals from startups.

The investments can be achieved by way of GAIL’s startup initiative ‘Pankh’.

“GAIL has now opened a fresh round for solicitation of investment proposals from the startups operating in focus areas which mainly include natural gas, petrochemicals, energy, project management, logistics, electric mobility, bio manure marketing, nanomaterials, IoT and data mining, environment, health and social,” the agency stated in a press release.

Details of focus areas can be found on the GAIL web site.

“The startups interested in equity investment from GAIL can apply through the link ‘GAIL Pankh’ on the GAIL website. The current solicitation round will remain open till July 31, 2022,” it added.