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With reference to the National Logistics Excellence Awards, consider the following statements:
1. The awards are in two categories, the first group includes logistics infrastructure/service providers and second one is for various user industries.
2. The awards will highlight best practices including consolidation, process standardisation, technological upgrade, digital transformations, and sustainable practices.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to the National Logistics Excellence Awards, consider t...
With a view to turn the spotlight on the logistics sector, the Government today announced the launch of National Logistics Excellence Awards.
  • The awards are in two categories, the first group includes logistics infrastructure/service providers and second one is for various user industries.
  • The awards will highlight best practices including consolidation, process standardisation, technological upgrade, digital transformations, and sustainable practices.
  • While the Indian logistics sector has been growing at a CAGR of 10.5%, 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% 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, organised and efficient, on par with global peers with the ambition of being amongst the top 25 countries in the global Logistics Performance Index (LPI).
  • Hence both statements are correct.
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With reference to the National Logistics Excellence Awards, consider the following statements:1. The awards are in two categories, the first group includes logistics infrastructure/service providers and second one is for various user industries.2. The awards will highlight best practices including consolidation, process standardisation, technological upgrade, digital transformations, and sustainable practices.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the National Logistics Excellence Awards, consider the following statements:1. The awards are in two categories, the first group includes logistics infrastructure/service providers and second one is for various user industries.2. The awards will highlight best practices including consolidation, process standardisation, technological upgrade, digital transformations, and sustainable practices.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the National Logistics Excellence Awards, consider the following statements:1. The awards are in two categories, the first group includes logistics infrastructure/service providers and second one is for various user industries.2. The awards will highlight best practices including consolidation, process standardisation, technological upgrade, digital transformations, and sustainable practices.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the National Logistics Excellence Awards, consider the following statements:1. The awards are in two categories, the first group includes logistics infrastructure/service providers and second one is for various user industries.2. The awards will highlight best practices including consolidation, process standardisation, technological upgrade, digital transformations, and sustainable practices.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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