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Logistics Excellence, Advancement, And Performance Shield Initiative

Logistics Excellence, Advancement, And Performance Shield Initiative:

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

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