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ADB approves $350 mn loan to enhance India's logistics
The Sunday Guardian
|December 08, 2024
1 NEW DELHI Asian Development Bank (ADB) has approved a USD 350 million policybased 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 competitive ness of its manufacturing sector.
Through strategic policy reforms, infrastructural improvements, and digital integration, the government's ongoing reforms are set to transform the logistics landscape, ADB said.
Dit verhaal komt uit de December 08, 2024-editie van The Sunday Guardian.
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