Platform to focus on digital technologies
DP World recently launched Log-X, a national technology accelerator platform for logistics, in partnership with Invest India, Kerala Start-Up Mission and its accelerator partner Startup Réseau, to encourage innovation and technology adoption in the Indian logistics sector.
The accelerator program is specially curated for entrepreneurs in the logistics and other associated sectors. The goal is to catalyze Indian entrepreneurs and the start-up community to develop smart trade solutions by leveraging massive opportunities offered by digital technology.
Log-X was launched by Rizwan Soomar, CEO and Managing Director, DP World Subcontinent; in the presence of Mike Bhaskaran, Global Chief Digital Officer, DP World.
The Log-X technology accelerator platform will focus on digital technologies like blockchain, artificial intelligence, robotics, simulators and Internet of things (IOT systems). The platform will seek to identify logistics-focused technology start-ups through Startup India portal. The finalized start-ups will be mentored by DP World leadership team and external mentors on-boarded to the program.
“DP World wants to encourage the creation of a start-up eco-system for logistics and supply-chain focused innovators with an aim to reduce the costs of logistics in India and make India’s exports more competitive. Stronger technology adoption in the logistics sector will also improve transparency, reliability and predictability in the supply chains across the country. This will be transformative for India,” commented Rizwan Soomar, CEO and MD, DP World Subcontinent.
“This is a unique partnership and the first in the logistics sector. We are very pleased to be partnering with DP World on this unique initiative to drive innovation in the sector,” remarked Deepak Bagla, MD & CEO, Invest India.
