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Consider the following statements with reference to the LEAPS (Logistics Excellence, Advancement and Performance Shield) Initiative:
1. It is a flagship initiative by the Department for Promotion of Industry and Internal Trade (DPIIT).
2. Only established MSMEs in the logistics sector are eligible to be recognized under the initiative.
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 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements with reference to the LEAPS (Logisti...
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 costsimprove 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. 
Hence only statement 1 is correct.
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Consider the following statements with reference to the LEAPS (Logistics Excellence, Advancement and Performance Shield) Initiative:1. It is a flagship initiative by the Department for Promotion of Industry and Internal Trade (DPIIT).2. Only established MSMEs in the logistics sector are eligible to be recognized under the initiative.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 'A'. Can you explain this answer?
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