With a view to turning the spotlight on the logistics sector, the Government announced the launch of the National Logistics Excellence Awards. The framework of awards has been finalized in consultation with the logistics associations and forum user industry partners. The awards are in two categories, the first group includes logistics infrastructure/service providers and the second one is for various user industries. There was wide-scale appreciation from user industries for giving due recognition to various players involved in the logistics supply chain.
The awards will highlight best practices including consolidation, process standardization, technological upgrade, digital transformations, and sustainable practices. The awards will also be an opportunity to laud the extraordinary measures organizations have taken to address the deficiencies exposed by the COVID-19 pandemic including last-mile delivery start-ups, development of cold storage facilities, effective transportation of oxygen, and uninterrupted supply of essential goods and services to the needy.
While the Indian logistics sector has been growing at a CAGR of 10.5 percent, reaching approximately USD 215 billion in value in 2020, there are systemic, interconnected problems that must be addressed to enhance its efficiency. Comprehensive logistics costs amount to almost 14 percent 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). An important outcome of the event will be a library of case studies on best practices in logistics, showcased as a “Logistics Excellence Gallery” under URL https://excellenceawardslogistics.gov.in hosted at the website of the Ministry of Commerce and Industry.
Organizations will be invited to submit entries via the ministry of commerce and industry website. Shortlisted entrants will present their case to a National Jury panel, which will decide the winners. The winners will be announced on 31 October 2021. All case studies by finalists in the National Jury round will be showcased in the Logistics Excellence Gallery.