Answer: To strengthen institutional and policy frameworks for multimodal logistics
Notes: India and ADB signed a $350 million policy-based loan under the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) programme. SMILE aims to implement wide-ranging reforms in India's logistics sector. The programme adopts a two-phase approach to boost manufacturing and strengthen supply chain resilience. It involves collaboration with the Department of Economic Affairs (DEA), the Department for Promotion of Industry and Internal Trade (DPIIT), and ADB. The initiative seeks to modernise logistics, promote multimodal infrastructure, and enhance India’s trade and industrial growth.
