Consider the following statements:
1. PM MITRA Park will be developed by a Special Purpose Vehicle owned by the Central and State Governments and in a Public Private Partnership (PPP) Mode.
2. The Ministry of Commerce and Industry will provide financial support through Development Capital Support up to Rs 500 crore per park to the park SPV.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2