New Delhi, July 10 -- In a bid to support Start-Ups operating in the area of Compressed Bio Gas (CBG), GAIL (India) Limited today announced plans to 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. The Start-Ups that are interested in equity investment from GAIL can apply on GAIL's website gailonline.com. The Solicitation Round is open till July 24, 2020.
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 I...