Mumbai: Union Minister for Commerce & Industry, Shri Piyush Goyal today inaugurated the ‘Centre of Excellence in Logistics and Supply Chain Management’ at the National Institute of Industrial Engineering (NITIE), Mumbai.
Inaugurating the Centre, the Union Minister said the amount of interdependence in globalized world calls for significant value addition on several fronts such as packaging, research on transportation, warehousing and more.
“I hope the Centre of Excellence inaugurated today will help the logistics sector become more cost-effective, make the sector more competitive, create new jobs, export more, engage better with the world markets, expand outreach and bring more economic activity to India” he added.
Addressing the NITIE community Shri Goyal opined that India is at a very nascent stage of industrial engineering training, research and study. “There is huge potential in industrial engineering, you can transform the future of this country by the work you are doing. A lot of industrial engineering goes also into sectors such as restaurant design and operations, e-commerce businesses and delivery of public services as well” the Minister added.
Speaking about NITIE, Shri Goyal said, “When I saw the good work done by NITIE, I realized that some back-end support from Government will help in public, private and academia working together as stakeholders and partners”. NITIE, located in Powai, Mumbai is a leading Management Education Institute, pioneering in Engineering Management, and it is widely known for it transformative contribution in the field of supply chain management and operations.
About the Centre of Excellence in Logistics and Supply Chain Management
Managing supply chains is becoming more and more complex owing to the challenges posed by global competitiveness and economic crisis. In this scenario, the Centre will contribute to cutting edge research, knowledge-building and capacity building in Logistics and Supply Chain Management, through applied research and development activities.
The Centre will act as a driving force to train and launch top quality programs to disseminate advanced knowledge and promote Digitisation, Analytics, and IoT Application and Decision Support Systems through Artificial Intelligence and Machine Learning applications and Digital Twin and Control towers, to strengthen the monitoring and analysis of complex logistics operations.
The Centre will carry out research projects to find innovative solutions in collaboration with industry and national and international bodies. The focus will be on Logistics and Supply Chain Management along with sustainability and green supply chains.