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$ 350 million ADB loan approved to enhance India logistics and exports

December 09, 2024 1 min read
author Anamika Mishra, Sub Editor
Asia Development Bank has approved a $350 million policy based loan to support India strengthen and modernize logistics sector. As per a statement from the regional development bank, dated December 6, the loan will finance the second subprogram, supporting Indian government’s efforts to create a comprehensive policy, planning and institutional framework at the state and city levels. The development of India’s logistics sector is pivotal in enhancing the competitiveness of its manufacturing sector. Through strategic policy reforms, infrastructural improvements

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