Keywords: lakes, rejuvenation, fund, MoUs, BBMP, BDA For such large lakes, KLCDA will soon float a special purpose vehicle (SPV) to which multiple firms can contribute. On Monday, five corporate firms, including Wipro and Biocon, expressed interest to work and fund the rejuvenation of as many as six lakes in the city. Meanwhile, the corporate companies can only help these lakes through Corporate Social Responsibility (CSR) contribution. Each of these projects will have a project monitoring committee with equal representatives from the corporate companies, KLCDA and the custodian agency, he said.

Source: The Hindu June 13, 2016 08:37 UTC