LEAPS (Logistics Excellence, Advancement, and Performance Shield) Initiative

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Overview:

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry organised a LEAPS Valedictory Session in New Delhi recently.

About LEAPS (Logistics Excellence, Advancement, and Performance Shield) Initiative

  • It is a flagship initiative by the logistics division of DPIIT, Ministry of Commerce and Industry, designed to acknowledge and celebrate the best practices and innovations within the logistics industry.
  • It would celebrate the demonstrated leadership of the logistics sector in transforming the Indian logistics industry and realizing the combined vision of the National Logistics Policy 2022 and PM GatiShakti.
    • The National Logistics Policy was introduced to create a single-window e-logistics market, focusing on the need for skill development, economic growth, and competitiveness in the logistics sector. It aims to reduce logistics costs, improve India’s ranking in the Logistics Performance Index, and establish a data-driven decision support mechanism.
    • The PM Gati Shakti Programme aims to understand current gaps in logistics connectivity and facilitate the development of logistics infrastructure (creating connectivity between roadways, rail transport, waterways, and air transport) so as to reduce logistics costs. The programme has an estimated cost of ₹100 trillion.
  • LEAPS will create a new benchmark globally by not only recognizing players in the logistics sector, but also the MSMEs, Startups, and logistics sector enablers who have been providing innovative solutions across the logistics ecosystem.
  • From air and sea freight service providers to educational institutions contributing to skill development in logistics, the awards span a broad spectrum of the industry.

Q1) What is the Logistics Performance Index?

It is released by World Bank. It is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance. It measures the ease of establishing reliable supply chain connections and structural factors that make it possible, such as the quality of logistics services, trade and transport-related infrastructure, as well as border controls.

Source: DPIIT organises LEAPS Valedictory Session recognising 12 participants across logistics industries