$350 Million ADB Loan Approved to Boost India's Logistics and Exports

09 Dec 2024 CW Team

The Asian Development Bank (ADB) has approved a $350 million policy-based loan to support India in strengthening and modernizing its logistics sector.

According to a statement from the regional development bank, dated December 6, the loan will finance the second subprogram, which aims to support the Indian government's efforts to create a comprehensive policy, planning, and institutional framework at both the state and city levels.

The development of India's logistics sector is seen as crucial for enhancing the competitiveness of its manufacturing sector.

ADB highlighted that through strategic policy reforms, infrastructural improvements, and digital integration, the government's on-going reforms are expected to transform the logistics landscape.

The transformation is anticipated to reduce costs, improve efficiency, create employment opportunities, and promote gender inclusion, thus driving sustainable economic growth.

The Government of India has introduced several strategic policies to address constraints in the logistics sector, including the Prime Minister Gati Shakti-National Master Plan (PMGS-NMP) and the National Logistics Policy (NLP). These initiatives are aimed at improving infrastructure, streamlining processes, and promoting digitization.

Sameer Khatiwada, Senior Public Management Economist at ADB, mentioned that the development of the logistics sector has a profound impact on the competitiveness of the manufacturing sector. He stated that improved logistics efficiency enhances supply chain resilience, reduces transaction costs, and boosts export competitiveness. He further emphasized that the integration of digital technologies and standardized processes facilitates smoother movement of goods, which is critical for manufacturing growth.

Between 2000 and 2022, India's goods exports increased from $48.5 billion to $467.5 billion, while industrial exports grew from $39.6 billion to $317.4 billion.

The government has set a target to reach $2 trillion in exports of goods and services by 2030.

The ADB confirmed that its program is assisting India in achieving this target by enhancing productivity, facilitating the transfer of goods, reducing logistics costs, and contributing to the reduction of greenhouse gas emissions.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Asian Development Bank (ADB) has approved a $350 million policy-based loan to support India in strengthening and modernizing its logistics sector. According to a statement from the regional development bank, dated December 6, the loan will finance the second subprogram, which aims to support the Indian government's efforts to create a comprehensive policy, planning, and institutional framework at both the state and city levels. The development of India's logistics sector is seen as crucial for enhancing the competitiveness of its manufacturing sector. ADB highlighted that through strategic policy reforms, infrastructural improvements, and digital integration, the government's on-going reforms are expected to transform the logistics landscape. The transformation is anticipated to reduce costs, improve efficiency, create employment opportunities, and promote gender inclusion, thus driving sustainable economic growth. The Government of India has introduced several strategic policies to address constraints in the logistics sector, including the Prime Minister Gati Shakti-National Master Plan (PMGS-NMP) and the National Logistics Policy (NLP). These initiatives are aimed at improving infrastructure, streamlining processes, and promoting digitization. Sameer Khatiwada, Senior Public Management Economist at ADB, mentioned that the development of the logistics sector has a profound impact on the competitiveness of the manufacturing sector. He stated that improved logistics efficiency enhances supply chain resilience, reduces transaction costs, and boosts export competitiveness. He further emphasized that the integration of digital technologies and standardized processes facilitates smoother movement of goods, which is critical for manufacturing growth. Between 2000 and 2022, India's goods exports increased from $48.5 billion to $467.5 billion, while industrial exports grew from $39.6 billion to $317.4 billion. The government has set a target to reach $2 trillion in exports of goods and services by 2030. The ADB confirmed that its program is assisting India in achieving this target by enhancing productivity, facilitating the transfer of goods, reducing logistics costs, and contributing to the reduction of greenhouse gas emissions.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..