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IIT Bombay, Madras collaborate with FedEx; get grant of $10 Million

Posted On: 12/12/2023      Updated On: 12/12/2023

The primary focus of this collaboration will be on addressing the complexities of cross-border logistics through innovation and the seamless integration of digital intelligence.

The Indian Institutes of Technology (IIT) Bombay and Madras have collaborated with FedEx Express (FedEx), a subsidiary of FedEx Corp. FedEx, a global express transportation company, has committed a USD 10 million corporate social responsibility grant to the two IITs.

This initiative will contribute to the establishment of a globally recognised “Centre of Excellence” (CoE), strategically located within physical infrastructure on both IIT campuses. This CoE will spearhead research and development while concurrently nurturing a dynamic talent pool, supporting fellowship programmes for Master’s and doctorate students, and actively catalyzing the growth of the startup ecosystem in India.

The primary focus of this collaboration will be on addressing the complexities of cross-border logistics through innovation and the seamless integration of digital intelligence.

 “Together with FedEx, we are determined to create a hub where technology and talent converge to drive sustainable logistics. With a specialized focus on operations research and network planning, we aim to spearhead developments that optimize efficiency, enhance strategic planning, and contribute to the broader landscape of sustainable logistics advancements,” said Prof. V. Kamakoti, Director, IIT Madras.

Prof. Subhasis Chaudhuri, Director, IIT Bombay, said, “IIT Bombay is committed to working closely with industry leaders to support the development of scalable and futuristic solutions and enable young, deserving minds that can facilitate the advancement of industries and solve the grand challenges being faced by them at the national and global level. Our collaboration with FedEx is a significant step in supporting the development of advanced logistics. These efforts in addressing some of the most pressing challenges such as digital transformation of supply chains and the integration of digital twins, will go a long way and create a profound impact.”
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