'Act East' Policy of the Government

The Union Finance Minister Shri Arun Jaitley today announced setting-up of manufacturing hubs in CMLV countries, namely, Combodia, Myanmar, Laos and Vietnam. Presenting the General Budget 2015-16 in the Lok Sabha here today, the Finance Minister stated that the 'Act East' policy of the Government endeavours to cultivate 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 set-up the manufacturing hubs in CMLV countries through separate Special Purpose Vehicles (SPVs).