Project development fund for CLMV countries soon

16-Aug-2015 # Wider Regions Source: The Hindu Business Line

The Ministry of Commerce in a bid to initiate investments in Cambodia, Laos, Myanmar, Vietnam (CLMV) has proposed a project development fund which will be soon sent to the Cabinet for clearance. The government seeks to put in place a project development company, special purpose vehicles and a project development fund with a corpus of $76.67 million to help Indian businesses explore opportunities in the CLMV region.

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