Manila - The Asian Development Bank (ADB) has approved a $350 million policy-based loan to support the Government of India’s wide-ranging reforms to strengthen and modernize the country’s logistics sector and achieve increased economic competitiveness.

The loan will finance the second subprogram of the Strengthening Multimodal and Integrated Logistics Ecosystem Program, which supports the government’s efforts to create a comprehensive policy, planning, and institutional framework at the federal, state, and city levels. This builds on reforms introduced during the first subprogram by institutionalizing policies to strengthen interagency coordination as well as standardizing processes . . .