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Project Detail:
The Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) program is a programmatic policy-based loan (PBL) to support the government undertake wide-ranging reforms in the logistics sector in India. The program aims to strengthen the institutional and policy framework for interministerial coordination and planning for incentivizing private sector participation in multimodal logistics projects, improve efficiencies in external trade logistics, and encourage the use of smart and automated systems for improved service delivery. The government has requested a regular loan of $500 million from ADB's ordinary capital resources to help finance the program. The proposed programmatic PBL modality with two subprograms of $250 million each, in FY2022 and FY2024, respectively, supported by the attached transaction TA, is appropriate because the (i) program will support crucial structural reforms to strengthen institutions, coordination, and processes; (ii) structural reforms need proper sequencing to ensure sustainability; and (iii) government has shown strong commitment to reforms.
This lending proposal was not included in ADB. 2020. Country Operations Business Plan: India, 2021 2023. Manila. The government requested ADB's financial assistance in a letter of 12 March 2021 as an addition to the plan. The South Asia Department confirmed that such financial assistance can be accommodated in the 2021 resource envelope.
Note: Please Download Project Document attached to this Project for more information.
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