NEW DELHI : The central government and the Asian Development Bank (ADB) signed a USD 350 million policy-based loan under the second subprogram of Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) program.
The Ministry of Commerce & Industry in an official statement stated that this policy-based loan aims to expand India’s manufacturing sector and improve the resilience of its supply chains
The signatories to the loan agreement were Department of Economic Affairs (DEA), Ministry of Finance; Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry . . .
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