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TSMG inks MoU with Dubai World

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CIOL Bureau
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NEW DELHI: The Excellence Center (TEC), a corporate department of Dubai World Group, has signed a Memorandum of Understanding with Tata Strategic Management Group (TSMG) for collaboration in areas of mutual strategic interests and for providing management consulting services.

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TSMG is an independent management consulting division of Tata Industries Limited, part of the TATA Group, and is recognised for the role it has played in the success of Tata Group’s diversification and global expansion.

TSMG assists Tata as well as non-Tata companies in enhancing their competitive edge.

As part of the MoU, TSMG will assist Dubai World and its business units in the areas of strategic planning and performance improvement, management due-diligence, continuous improvement and re-engineering and knowledge sharing.

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Referring to the association with TSMG, Abdul Qader Obaid Ali, director, Group Internal Audit and Quality, Dubai World stated, “The MoU falls within our plans to adopt the best global and local expertise in the field. It will help us in strengthening the consultancy services we provide the business units of Dubai World, especially in view of the holding company’s global expansion and diversification”

"I believe that our rapid expansion globally and diversification has made it necessary to enhance our capabilities rapidly, seek diversified expertise and align our services to the vision and mission of our business units." added Ali.

R R Bhinge, CEO, TSMG, said, "This MoU will pave the way for increased collaboration in the areas of mutual strategic interests. Both parties expect it to yield substantial benefits in the immediate and the long-term future."

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