The Indian Institute of Management, Indore (IIM-Indore) and Retailer Association of India signed a memorandum of understanding on Saturday to set up a Centre for Retail Education and Management (Cream) at the institute to train quality manpower for the rapidly growing sector.
The MoU was inked by IIM-Indore Director S P Parashar and the Association CEO Gibson Vedamani.
The centre will be a source of research, training, consulting and executive education programmes for the retailers in India.
Speaking on the occasion, Parashar
said a revolution was taking place in the retail industry and it will be successful only when it is backed up by a trained quality manpower.