Trending News
Baltic Exchange Market Report (20 December 2024)...
  Daily Exim

NEWS DETAILS

Date: 24/12/2024

India signs $350 million deal with ADB to boost logistics sector

The Indian government and the Asian Development Bank (ADB) have signed a landmark $350 million policy-based loan under the second sub-programme of the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) programme. This agreement represents a pivotal step towards revolutionising India’s logistics sector. The SMILE programme, a flagship policy-based initiative, 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.  The reforms are anticipated to significantly reduce logistics costs, improve operational efficiency and create substantial employment opportunities. Notably, the programme emphasises gender inclusion, fostering equitable growth across sectors and ensuring broadbased benefits, as per a report. 
 
source: Exim News Service: Manila/New Delhi, Dec. 23



Featured News

EXIM INDIA ONLINE SERVICES

APPOINTMENTS

View All

USEFULL LINKS

View All

Introduction

EXIM INDIA is a reputed and all-India recognised premier publishing house. It publishes a daily newspaper.

It publishes a daily newspaper "Exim Newsletter" from Mumbai, Gujarat and New Delhi / NCR / North India, and Exim India - 'Shipping Times' from Kolkata, Chennai, Cochin and Tuticorin for the last 46 years.

Read More

QUICK LINKS

Contact Details

Inquiry

© | Exim India. All rights Reserved.