Global trade enabler DP World has taken a step towards the digital transformation of the logistics sector with the launch of Log-X, a national technology accelerator platform for logistics. Log-X aims to catalyze the start-up community to build smart trade solutions using digital technology to revolutionize the logistics sector. The accelerator programme will be run in cities like Mumbai, NCR and Bangalore, in partnership with Invest India, Kerala Start-Up Mission to bring out innovation and adopt technology in the Indian logistics sector. The programme will focus on digital technologies like Blockchain, Artificial Intelligence, robotics, simulators and Internet of Things (IoT). It will seek to identify logistics-focused technology start-ups through the Startup India portal and will look to bring on board up to 10 selected start-ups for conducting pilots. The programme will extend industry credibility to the selected start-ups, offer an opportunity to do a Proof of Concept (POC), give them access to DP World’s network of customers, partners, mentors and investors, and offer the potential to raise strategic capital. The finalist start-ups will be mentored by the DP World leadership team and external mentors. Infrastructure building is the key to actually building logistics efficiency and to bring the cost of logistics down in India. The 13-14 percent [cost of logistics] that exists in most publications and journals as a percentage of GDP, has to come down to 8-9 percent which is what most developing economies have. This has two implications;
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