Dubai World Group inks MoU with TSMG

New Delhi, Nov 23: The Excellence Center (TEC), a corporate department of Dubai World Group, has signed a Memorandum of Understanding (MOU) with Tata Strategic Management Group (TSMG) for collaboration in areas of mutual strategic interests and for providing management consulting services.

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.

''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,'' Dubai World Director (Group Internal Audit and Quality) Abdul Qader Obaid Ali said.

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, he added.

''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,'' TSMG Chief Executive Officer R R Bhinge said.

UNI