India, Aug. 19 -- Federal Express Corporation, or FedEx has joined hands with the Indian Institute of Technology (IIT) Madras to inaugurate the FedEx SMART Centre (Supply Chain Modelling, Algorithms, Research and Technology Centre) in the institution's campus.

The first-of-its-kind facility is aimed at building sustainable, technology-driven logistics solutions.

The FedEx SMART Centre is backed by a five-year USD 5 million grant from FedEx, and will combine cutting-edge research, advanced digital tools, and industry expertise to reimagine supply chains for agility, resilience, and environmental responsibility, a press release informed.

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