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.
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.
Impact: Strengthening Supply Chains: The program will help to strengthen supply chains by simplifying external trade logistics and domestic cargo movements, modernizing warehouses, improving business processes with integrated digital platforms, and stimulating private investments in the sector.
National Logistic Policy 2022 Vision and Targets
PM Gati Shakti MasterPlan
Pillars
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