Section 14(6) in Andhra Pradesh Economic Development Board Act, 2018
(6)Setting up Special Purposes Vehicles(a)To co-ordinate and facilitate establishment of Special Purpose Vehicles involving multi-departmental functions such as establishing Industrial Corridors, Financial Services, Capital City, Smart Cities, Smart Villages, Science Centers, Educational and Research Centers etc., as well as those required for soft and ecosystem development.(b)To promote Venture Funds and other investments strategies to encourage private investments in industrial development and economic activities, either directly or in association with national and international concerns/institutions engaged in operation of venture funds, investments funds and other funds.(c)To take up income generating activities to further the objectives of the Board.
