Strengthening Multimodal and Integrated Logistics Ecosystem Program
Recently, the Asian Development Bank (ADB) has approved a $250 million policy-based loan to support the Government of India’s wide-ranging reforms that aim to strengthen and modernize the country’s logistics infrastructure, improve efficiency, and lower the cost in the logistics sector.
The loan will finance the first subprogram of the Strengthening Multimodal and Integrated Logistics Ecosystem Program.
Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) Program
- It is a programmatic policy-based loan (PBL) to support the government undertake wide-ranging reforms in the logistics sector in India.
- It aims to strengthen the institutional and policy framework for inter-ministerial coordination and planning for incentivizing ....
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