- The primary objective of this assistance by the ADB is to:
- Modernize India’s logistics sector
- Improve efficiency
- Reduce Green House Gas (GHG) emission
- The loan will finance the first subprogram under the SMILE (Strengthening Multimodal and Integrated Logistics Ecosystem) initiative for multimodal logistics projects (MMLPs).
- It will aim to strengthen the supply chain by:
- Simplifying external trade logistics
- Streamlining domestic cargo movements
- Improving business processes
- It will also support the Government of India’s initiative to issue standards for warehousing.
- ADB was established in 1966 with its headquarters in Metro Manila, Philippines. It currently has 68 member countries. Masatsugu Asakawa is the current President of the organization.
Question:
Q.1 Which of the following recently approved a USD 250 million policy-based loan to strengthen the logistics sector in India?a. World Bank
b. ADB
c. NDB
d. IMF
