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GAIL’s ₹500 Crore Start-up Fund: A Game Changer for Innovation?

New Delhi, February 1, 2025 – “We are enthused to support the Start-Up India Mission on the clarion call of Hon’ble Prime Minister Shri Narendra Modi,” said Shri Sandeep Kumar Gupta, CMD of GAIL (India) Limited, while announcing the increase of the company’s Start-up Investment Fund from ₹100 crore to ₹500 crore. This expansion is expected to boost innovation and entrepreneurship in India’s energy and technology sectors.

Financial Implications:
• The increased corpus will be deployed in start-ups focusing on clean energy, renewables, energy storage, electric mobility, and digital transformation.
• Significant financial and strategic backing will be provided to emerging businesses, aligning with India’s vision of becoming a “Start-up Nation.”
• GAIL’s initiative is set to accelerate investments in new technologies, fostering long-term economic and industrial growth.

Past Investments and Future Prospects:
• Since the launch of its ‘Pankh’ initiative in 2017, GAIL has invested in 36 start-ups across sectors like compressed biogas (CBG), electric mobility, IoT, logistics, and environment.
• The new fund allocation is likely to attract more high-potential ventures and support scalable business models.
• It is anticipated that several GAIL-funded start-ups will evolve into successful enterprises, contributing to India’s self-reliance in innovation and sustainability.

By expanding its financial commitment, GAIL has reinforced its role as a key enabler of India’s start-up ecosystem, ensuring greater technological advancements and economic impact.

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