adb

Centre, ADB sign $350 million loan to boost India’s supply chains

The Indian government and the Asian Development Bank (ADB) have signed a $350 million policy-based loan agreement to support the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) programme. This loan, under the programme's second subprogramme, is aimed at improving the logistics framework to enhance manufacturing capabilities and build resilient supply chains in the country. The Ministry of Commerce and Industry noted that the SMILE programme supports wide-ranging reforms in ...

September 16, 2024 4:44 PM

India, ADB sign $181 million deal to improve livability, mobility in Ahmedabad

India and the Asian Development Bank (ADB) on Wednesday signed a $181 million loan agreement, aimed at improving infrastructure and services in the peri-urban areas, or the outskirts, of Gujarat’s Ahmedabad city. The initiative aims to achieve this by enhancing physical and social infrastructure, fostering economic vibrancy, and establishing these areas as attractive investment destinations, said Juhi Mukherjee, Joint Secretary of the Department of Economic Affairs, Ministry of Finance. Raje...