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 sub-program of the Strengthening Multimodal and Integrated Logistics Ecosystem Program.

Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) Program: It is 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 private sector participation ....