forming a special purpose vehicle
In an apparent attempt to encourage the participation of the private sector in construction of roads, a proposal has been revived by the government to facilitate the developers in selling off their stakes in road projects. According to the information shared by two unidentified officials of the Roads Ministry, the proposal revived by the government [...] Continue Reading »
While Reserve Bank of India has already agreed to letting state-run banks raise capital from employees and setting up holding companies, the government is pondering over a plan where banks could also raise capital by leveraging real estate holdings. Banks have suggested that each bank set up a special purpose vehicle (SPV) and have their [...] Continue Reading »
In as many as 23 states, MoFPI has approved a total of 40 mega food park projects in various stages of implementation. Under the Mega Food Park scheme of the Union ministry of Food Processing Industries (MoFPI), a state PSU, The Odisha Agro Industries Corporation Limited (OAIC) is eager to set up a mega food [...] Continue Reading »
