Cargo Breaking News
The Indian government and the Asian Development Bank (ADB) signed a $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. This initiative, in collaboration with the Department of Economic Affairs (DEA) under the Ministry of Finance, the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry, and ADB, seeks to position India as a global leader in efficient, resilient, and sustainable logistics systems.
