India secures $350M loan to upgrade logistics, boost manufacturing, and enhance economic growth.

The Indian government and the Asian Development Bank have agreed on a $350 million loan to enhance India's logistics sector and boost domestic manufacturing. This loan, part of the SMILE program, aims to improve supply chain resilience, expand manufacturing, and stimulate economic growth by addressing logistical inefficiencies and capacity gaps. The reforms will also promote gender inclusion and generate employment opportunities.

3 months ago
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