Monday, October 14, 2019

Port Giant Launches Programme to Find Start Ups to Aid Logistics Sector Innovation

Indian Platform Will Seek New Businesses Which Can Advance Technology
Shipping News Feature

DUBAI – INDIA –Global ports operator DP World has announced the launch of its technology accelerator platform, Log-X to encourage innovation and technology adoption in the Indian logistics sector.

In partnership with Invest India, Kerala Start-Up Mission and its accelerator partner Startup Réseau, the programme will focus on digital technologies like blockchain, artificial intelligence, robotics, simulators and internet of things, to identify logistics-focused technology start-ups in India. Rizwan Soomar, Chief Executive and Managing Director at DP World Subcontinent explained the thought behind the move thus:

“Technology adoption and innovation will play a strong role in building an integrated logistics platform which offer 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 Log-X accelerator programme 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.”

Log-X plans to engage up to ten start-ups, selected through the Startup India portal, for conducting pilots, with a long-term objective of partnerships, strategic engagements and proof-of-concept development. The final choice of start-ups will be mentored by DP World leadership team and external mentors brought into the programme. Deepak Bagla, Chief Executive and Managing Director at Invest India, commented:

“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 start-ups who are chosen by the Log-X accelerator platform.”

Photo: Kochi Port, Kerala. Courtesy of Gokulakrishnan G.