New Delhi, June 3: Keeping in view its modernisation and expansion programme, State-owned Steel Authority of India Ltd (SAIL) today said it has signed a memorandum of understanding (MoU) with Gurgaon-based Management Development Institute (MDI) to meet the challenges of Human Resource Development (HRD).
SAIL Management Training Institute (MTI) Executive Director (HRD) S P Patnaik, and MDI Director C V Baxi signed the MoU in the presence of SAIL Director (Personnel) G Ojha and MDI Dean (Continuing Education) C P Shrimali, the company said in a statement. Under the MoU, the scope of the collaborative efforts will include faculty support, joint research and development of case studies, special programmes for SAIL executives at MDI and mutual access to literature and library resources.
The MoU marks a significant step in the consolidation of an industry-academic interface that would enhance SAIL's access to knowledge about latest management practices across the world, the statement said.
The knowledge of good practices in SAIL can be validated and disseminated across the world in the form of case studies and references in management literature, it added.
In line with its sustained endeavour to enhance the exchange of knowledge with reputed knowledge Institutions, MTI/SAIL also has collaborative tie-ups with Indian Institute of Management, Indore and Indian School of Mines University, Dhanbad for exposing its managers to the latest management concepts.