<h1>India and ADB Sign $350M Loan to Boost Manufacturing, Supply Chain Resilience, and Logistics Efficiency Under SMILE Program.</h1> The Government of India and the Asian Development Bank (ADB) have signed a $350 million policy-based loan under the SMILE program to enhance India's manufacturing sector and supply chain resilience. The agreement involves the Department of Economic Affairs, Ministry of Finance, and the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry. The SMILE program aims to improve logistics efficiency through infrastructure development, standardization, and smart systems, enhancing external trade logistics and promoting private sector investment. This initiative is expected to reduce costs, improve efficiency, create jobs, and support sustainable economic growth in India.