Union Commerce, Industry and Textile Minister Piyush Goyal yesterday inaugurated the Centre of Excellence in Logistics and Supply Chain Management at the National Institute of Industrial Engineering (NITIE) in Mumbai.
While speaking at the inauguration ceremony, the Union Minister said that the amount of interdependence in a globalized world calls for significant value addition on several fronts such as packaging, research on transportation, warehousing and more.
He was quoted as saying, “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.”
Mr Goyal, in his address, also highlighted 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 said.
Speaking about NITIE, Mr 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”.
The Centre of Excellence in Logistics and Supply Chain Management will hopefully help manage the complex supply chains in a more efficient manner eradicating the challenges posed by global competitiveness and economic crisis.
It will also 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.”~ Union Minister Piyush Goyal
With a focus on Logistics and Supply Chain Management along with sustainability and green supply chains, the Centre will also carry out research projects to find innovative solutions in collaboration with the industry as well as national and international bodies.