Tata Steel won the award for Best in Class for Manufacturing; Hero MotoCorp was named the Manufacturing Innovator of the Year; and Yogesh & Rajesh Agrawal of Ajanta Pharma Limited were declared winners of the TIME India Young Maker of the Year.Norman Pearlstine, Chief Content Officer for Time Inc. announced the winners at a ceremony in Mumbai on February 13, 2015, at which Indian Prime Minister Narendra Modi was the guest of honor. The awards launched a week-long series of events to mark the Indian Government’s “Make in India” initiative to boost the country’s manufacturing sector.
“The recipients of the first TIME India Awards are world-class companies that are making a real impact on the rapidly growing Indian economy, ” said Pearlstine. “We are pleased to recognize them for their efforts during ‘Make in India’ Week.”
Rajat Dhawan, Director, McKinsey & Company said, “In the coming years many Indian companies may take the big leap to become global multinationals. Winners of the future will be companies that not only `Make in India’ but `Make Better and More Efficiently in India.’”
The winners were selected among nine finalists, who were determined from a pool of approximately 3,000 manufacturing companies after extensive evaluation of qualitative and quantitative parameters. The finalists were announced at the World Economic Forum in Davos, Switzerland in January.
A jury of leading international business figures led by Norman Pearlstine selected the winners of the TIME India Awards in each category. Judges included General Electric Vice Chairman John Rice; Infosys Founder N.R. Narayana Murthy; ICICI Bank Managing Director and Chief Executive Officer Chanda Kochhar; Renault and Nissan Chief Executive Officer Carlos Ghosn; TIME Assistant Managing Editor Rana Foroohar; and Kevin Sneader, Chairman, Asia, at McKinsey & Co. fii-news.com
