MP, Rajasthan set up SPVs for smart cities
Special Purpose Vehicles (SPVs) have been set up for the cities of Jabalpur, Indore and Bhopal in Madhya Pradesh and Jaipur and Udaipur in Rajasthan for the development of smart cities. Notably, these cities figure in the list of the first 20 smart cities announced in January. An SPV is a legal entity created to fulfil specific or temporary objectives. 