DP World, global trade enabler, 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 of DP World.
Rizwan Soomar, CEO and MD, DP World Subcontinent, said: “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.”
“The LogX accelerator program is a unique partnership between DP World, Invest India and the Start-Up Kerala Mission to encourage innovation across the value chain in the logistics sector in India. 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.”
Invest India is the national investment promotion and facilitation agency for India, envisaged to be the first point of reference for potential investors.