GAIL Increases Start-up Corpus Fund to 500 Cr. to Boost Innovation and Entrepreneurship

GAIL (India) Limited has announced a significant increase in its Start-up Investment Fund, increasing the corpus to be invested in Start-Ups from X100 crore to I500 crore. This strategic move is aimed at fostering innovation, supporting emerging businesses and accelerating the growth of India’s start-up ecosystem. The increased fund will be deployed for nurturing promising start-ups across various sectors, with focus on clean energy, renewables, Energy Storage, Electric Mobility and digital transformation etc. GAIL’s commitment to back innovative ventures aligns with the government’s vision of a self-reliant India. The Start-Up initiative ‘Pankh’ was launched in July’ 2017 to invest in promising Start-ups. Till date, GAIL has made investments in 36 Start-Ups operating in various areas mncluding CBG, Electric Mobility, IoT, Logistics and Environment etc.