In a bid to support Start-Ups operating in the area of Compressed Bio Gas (CBG), GAIL (India) Limited will invest in such companies through its Start-Up initiative ‘Pankh’.
GAIL has opened a fresh Round for Solicitation of Investment Proposals from Start-Ups operating specifically in the area of CBG.
India has vast biomass resources and the Government is giving special emphasis on its utilization by encouraging setting-up of CBG plants. Further, Oil & Gas Companies are ready to give commitment for offtake of CBG through issue of Letter Of Intent (LOI).
Thus, it provides good business opportunity to Start-Ups operating in this area.
Start-Ups operating in any of the following areas of CBG can apply in this round:
Start-Ups providing technology,
Start-Ups planning to expand their existing CBG plants,
Start-Ups planning to set-up new CBG Plants.
GAIL had launched its ambitious Start-Up initiative ‘Pankh’ in July 2017 to invest in promising Start-Ups.
So far, GAIL has made investments in 24 Start-Ups operating in various areas through four Solicitation Rounds.
The Start-Ups that are interested in equity investment from GAIL can apply on GAIL’s website gailonline.com
