Govt announces the launch of National Logistics Excellence Awards | Daily Current Affairs 2021
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Govt announces the launch of National Logistics Excellence Awards

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National Logistics Excellence Awards:

The Government, on 19 July 2021 announced the launch of a new category of awards named the National Logistics Excellence Awards.

This award has been launched with a view to turning the spotlight on the logistics sector.

Key Details:

  • The framework of awards has been finalized in consultation with the logistics associations and forum user industry partners.
  • This award will highlight best practices including consolidation, process standardization, technological upgrade, digital transformations and sustainable practices in the logistics sector.
  • The main aim of the Government through these awards is to turn the spotlight on logistics service providers who have attained adopted digitization and technology, operational excellence, pursued sustainable practices and improved customer service among the many other achievements.
  • Its objective is to provide due recognition to the various players involved in the logistics supply chain in the country.
  • The awards are in two categories. They are as follows:
    • The first group includes logistics infrastructure and service providers.
    • The second one is for various user industries.
  • For the user industries, these awards will showcase efforts towards supplier ecosystem development, supply chain transformation, automation, skill development, and other similar endeavors.
  • The winners will be announced on October 31.

Indian logistics sector:

  • According to the Ministry of Commerce, the Indian logistics sector has been growing at a CAGR of 10.5%, reaching approximately USD 215 billion in value in 2020.
  • However, there are systemic, interconnected problems that have to be addressed to enhance its efficiency.
  • Comprehensive logistics costs amount to almost 14% of India’s GDP.
  • Closing India’s competitiveness gap vis-à-vis the global average of 8 percent would make the Indian logistics sector advanced, organized and efficient, on par with global peers with the ambition of being amongst the top 25 countries in the global Logistics Performance Index (LPI).

About the Ministry of Commerce and Industry:

  • The Ministry of Commerce and Industry administers two departments, the Department of Commerce and the Department for Promotion of Industry & Internal Trade (formerly the Department of Industrial Policy & Promotion).
  • The department is entrusted with formulating and implementing the foreign trade policy and responsibilities relating to multilateral and bilateral commercial relations, state trading, export promotion measures, and development and regulation of certain export-oriented industries and commodities.
  • The head of the Ministry is a Minister of Cabinet rank.
  • The first Minister of Commerce and Industry of independent India was Syama Prasad Mukherjee.
  • Smt. Anupriya Patel is the current Minister of State of Ministry of Commerce and Industry while Shri Piyush Goyal is the Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Government of India (GoI).

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