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SPV to kick start investment in infra

SPV to kick start investment in infra
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In order to kick start sagging investment in infrastructure and other key sectors in the economy, Prime Minister’s Office (PMO) plans to create a special purpose vehicle (SPV). The SPV is expected to reduce the time taken for clearance of project proposals. PMO set up the SPV as a remedy for the tedious clearance regime, where both the private and public sectors had to wade through unending clearances before projects actually take off.

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