Related Keywords: Act East policy, develop extensive economic, in CMLV countires, project development company, set up manufacturing hubs, SEZ, South East Asia, special purpose vehicles, strategic relation, TPP, transfer of resource for acquisition
In the Budget, Finance Minister Arun Jaitley said that the 'Act East' policy of the government endeavors to develop extensive economic and strategic relations in South-East Asia. In order to catalyse investments from the Indian private sector in this region, a Project Development Company will, through separate Special Purpose Vehicles (SPVs), set up manufacturing hubs in CMLV countries.
