WGT (Walmart Global Tech) India, the Bangalore-based arm of Walmart, announced its partnership with IIT Madras (Indian Institute of Technology Madras) on 10th March to undertake research projects and corporate social responsibility (CSR) activities to foster skill development among students.
“In Chennai today we signed a pact w/ @IITMadras to support Indian tech talent through scholarships for 100 students. The MOU also includes a research partnership, collaborating on CSR and providing continuing education for our associates. “tweeted WGT from its official Twitter handle.
Suresh Kumar, global chief technology officer (CTO) and chief development officer (CDO), Mahesh Panchagnula, Dean, Alumni and Corporate Relations, IIT Madras and the US consul general in Chennai Judith Ravin and leaders from Walmart and senior faculty members of IIT Madras were present at the event in Chennai.
“Walmart Global Tech develops and manages the foundational technologies on which our customer experiences around the world are built. We are a human-led tech-empowered company, and our talented associates in India are critical to driving Walmart’s global businesses and leading the next retail disruption,” said Kumar.
WGT India will provide grants to the universities to support the research activities. It will also provide funds for scholarships and fellowships to the students. Speaking about this partnership with WGT, Mahesh Panchagnula, said, “We are keen to grow this into an impactful partnership to benefit a broad cross-section of stakeholders including students and faculty members of IIT Madras.”
Students from IIT Madras and associates of WGT India will work on research projects together, facilitated by the Centre for Industrial Consultancy and Sponsored Research (IC&SR) at IIT Madras. IIT Madras Research Park will be used by WGT to work with companies that were incubated at the campus. Furthermore, WGT will be able to access educational and training programs aimed at the upskilling talent and addressing the changing needs of the retail and e-Commerce industry.
Along with Walmart Global, other companies that work with IIT Madras through its Research Park include Bharat Heavy Electricals Limited’s R&D unit, the Confederation of Indian Industry (CII), Cyber Security Works sponsored by the US Department of Homeland Security and Tata Consultancy Services (TCS), Renault-Nissan.