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SMILE program - ADB Loan
December 27 , 2024
12 hrs 0 min
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- The Indian government and the Asian Development Bank (ADB) (December 20) signed a landmark $350 million policy-based loan.
- It aims to Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) programme.
- The SMILE programme is a flagship policy-based initiative and it also adopts a comprehensive approach to logistics reforms.
- Spanning two sub programmes, it is designed to enhance the competitiveness of India’s manufacturing sector and strengthen the resilience of supply chains.
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