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A special-purpose entity (SPE; or, in Europe and India, special-purpose vehicle/SPV; or, in some cases in each EU jurisdiction, FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives.
Sonderkraftfahrzeug (abbreviated Sd.Kfz., [1] German for "special purpose vehicle") was the ordnance inventory designation used by Nazi Germany before and during World War II for military vehicles; for example Sd.Kfz. 101 for the Panzer I, and Sd.Kfz. 251 for the armored personnel carrier made by Hanomag.
The Instrument in Support of Trade Exchanges (INSTEX) was a European special-purpose vehicle (SPV) established on 31 January 2019 and liquidated in March 2023. Its stated mission was to facilitate non-USD and non-SWIFT [1] [2] transactions with Iran to avoid breaking U.S. sanctions. [3]
The platform is owned by GeM SPV (Special Purpose Vehicle) which is a 100 percent Government-owned, non-profit company under the Ministry of Commerce and Industries, Government of India. [4] GeM is a contactless, paperless and cashless online marketplace that replaced the Directorate General of Supplies and Disposals (DGS&D) in 2016.
A Special Purpose Vehicle (SPV) consisting of ADA, Hindustan Aeronautics Limited (HAL) and a private company is being formed for the development and production of AMCA. [4] In March 2024, the project received approval from India's Cabinet Committee on Security for the prototype development and mass production expected to begin by 2035. [5] [6] [7]
RVNL's two main objectives are to augment the capacity of rail infrastructure and raise extra budgetary resources for special purpose vehicle projects. [4] RVNL opened its initial public offering (IPO) on 29 March 2019. It was the third railways-related PSU to initiate an IPO, after RITES and IRCON.
The Common Service Center (CSC) Scheme and the CSC Special Purpose Vehicle (SPV) Company serve different roles within the Digital India initiative. [18] The CSC Scheme is a government program aimed at providing digital access points for delivering various government and non-government services, especially in rural and remote areas.
Special purpose vehicles (SPV) have been set up as wholly owned subsidiaries of the Power Finance Corporation for each UMPP that will be built. The SPV obtains various clearances, water linkage, coal mine allocation (for domestic coal based projects) etc. for the project.