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India signs USD 350 million loan agreement with ADB to expand manufacturing sector

New Delhi [India], December 21 (ANI): 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 CommerceIndustry in an official statement stated that this policy-based loan aims to expand India’s manufacturing sector and improve the resilience of its suppl