DP World, a leading global terminal operator, has launched LogX, India’s first technology accelerator program for logistics as part of a collaboration with Invest India, Kerala Start-Up Mission and its accelerator Startup Reseau, to encourage innovation and technology adoption in the country’s logistics sector.
Log-X will be an accelerator program for entrepreneurs working in logistics and other sectors associated with it to leverage digital technology and smart trade solutions.
It will focus primarily on blockchain, artificial intelligence (AI), robotics, simulators and the Internet of Things (IoT).
10 logistics-focused technology start-ups through the Startup India Portal. These companies will be mentored by DP World leadership team. Ultimately, the aim is to establish a long term partnership, strategic engagement and proof-of-concept development with shortlisted start-ups.
At a press conference, Log-X was launched by Rizwan Soomar, CEO and Managing Director, DP World Subcontinent and Mike Bhaskaran, Global Chief Digital Officer, DP World.
Soomar was quoted as saying: Technology adoption and innovation will play a strong role in building an integrated logistics platform which offers end-to-end solutions for cargo owners.
“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.”
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