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Home Circular Economy

Circular Economy: GAIL investing in Start-Ups dealing with Compressed Bio Gas

India CSR by India CSR
in Circular Economy
Reading Time: 1 min read
India CSR
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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

Tags: Circular Economy at GAIL

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📩 Contact us at: biz@indiacsr.in

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India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

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