Phase IFoundation
Background
Overview
SPVs are a common governance mechanism for implementing large infrastructure and development projects, offering insights into administrative reforms, project management, and public-private partnerships.
Special Purpose Vehicles (SPVs) are legal entities created to fulfill a specific, narrow objective, often used in public-private partnerships or for implementing large-scale government projects. In the context of urban development schemes like the Smart Cities Mission, SPVs are established to ensure focused implementation, financial autonomy, and efficient project management.