India, Dec. 8 -- MANILA - The Asian Development Bank (ADB) has approved a $250 million policy-based loan to support the Government of India's wide-ranging reforms that aim to strengthen and modernize the country's logistics infrastructure, improve efficiency, and lower the cost in the logistics sector.

The loan will finance the first subprogram of the Strengthening Multimodal and Integrated Logistics Ecosystem Program, which supports the government's efforts to create a comprehensive policy, planning, and institutional framework at the federal, state, and city levels. This will rationalize India's high cost of logistics and reduce greenhouse gas emission.

The program will help to strengthen supply chains by simplifying external trade lo...