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$350M India-ADB Loan Agreement Finalized
The Government of India and the Asian Development Bank (ADB) have signed a $350 million policy-based loan under the second subprogram of the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) program.
Dr.G.R.Balakrishnan Dec 24 2024 Logistics News (Roadways & Railways)

$350M India-ADB Loan Agreement Finalized

This collaboration aims to enhance India’s logistics sector through comprehensive reforms, infrastructure development, and digital integration. By improving logistics efficiency, the initiative seeks to strengthen the manufacturing sector, boost supply chain resilience, reduce costs, and promote sustainable economic growth.

 

Stakeholders: Department of Economic Affairs (DEA), Ministry of Finance; Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry. Objective: Enhance logistics efficiency to strengthen the manufacturing sector and improve supply chain resilience. Approach: Programmatic policy-based loan (PBL) with two subprograms under SMILE and Purpose: Support wide-ranging logistics sector reforms in India.

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