Dubai World’s Excellence Center signs MoU with India’s Tata Group company
The Excellence Center (TEC), a corporate department of Dubai World, has signed a Memorandum of Understanding with India’s Tata Strategic Management Group (TSMG) for collaboration in areas of mutual strategic interests and for outsourcing consulting services.
Abdul Qader Obaid Ali, Director, Group Internal Audit and Quality, Dubai World, said: ‘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.’
The MoU with TSMG came after consideration of the fact that both TEC and TSMG have similar history of development, and TSMG has faced the same challenges successfully that TEC is now facing.
The Excellence Center (TEC) is a corporate department of Dubai World mandated with helping group companies in their business excellence journey. They use a Group Continuous Improvement Framework, founded on the EFQM Model for Business Excellence, but enhanced to better serve the interests of all their stakeholders. In addition they address the strategic imperatives of the newly formed Dubai World holding company. TSMG is a member of the TATA Group of India, and is recognized for the role it has played in the success of TATA’s diversification and global expansion.
Anand Nicodemus, Manager of The Excellence Center said, ‘Today, in our improvement efforts the group needs faster turn-around in scoping, mobilizing and delivery, customized methodologies, greater sensitivity to work culture, and emphasis on knowledge transfer and the learning process of UAE Nationals. We are addressing this in this partnership and intend to achieve high levels of effectiveness.’
R.R Bhinge, CEO of 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.’
