The Asian Development Bank recently approved a policy-based loan to strengthen India's logistics sector and export capabilities. What is the value of this loan?

The Asian Development Bank (ADB) has approved a USD 350 million policy-based loan specifically designed to strengthen and modernize India's logistics infrastructure. This funding supports the second subprogram of the Strengthening Multimodel and Integrated Logistics Ecosystem (SMILE) initiative, building upon earlier reforms focused on enhancing interagency coordination. The loan aligns with key Indian government policies including the Prime Minister Gati Shakti-National Master Plan and National Logistics Policy, which collectively aim to improve infrastructure, streamline processes, and advance digitization. These strategic investments support India's ambitious goal of achieving USD 2 trillion in exports of goods and services by 2030.