DP World has collaborated with Invest India, Kerala Start-Up Mission and Startup Réseau to identify logistics-centered technology startups in India. Their collaboration has led to the creation of a national technology accelerator platform called Log-X for logistics.
The collaboration intends to focus on harnessing technologies such as blockchain, artificial intelligence, robotics, simulators and Internet of Things.
Deepak Bagla, CEO and Managing Director of Invest India, told the media that, “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. We look forward to working with the final startups who are chosen by the Log-X accelerator platform.”
In January, DP World established a partnership with the National Investment and Infrastructure Fund (NIIF) to invest up to $3 billion in India’s logistics, including ports, terminals and transportation.
The Log-X accelerator programme will help to promote innovation in India’s logistics sector. Deployment of robust technology in the sector will develop transparency, reliability and predictability across the country’s supply chains.
The programme is developed in the best interest of entrepreneurs in the logistics sector. The aim is to develop smart trade solutions by deploying digital technology through DP World’s expertise.
Invest India is the national investment promotion and facilitation agency that helps investors looking for investment opportunities in India. Startup Réseau is an entrepreneurial venture established by three professionals from the startup ecosystem. Kerala Start-Up Mission is the central agency of the Government of Kerala for entrepreneurship development.