Time Inc. Names Winners of Inaugural TIME India Awards at Make In India Week in Mumbai
February 13 2016 - 3:16PM
Business Wire
Awards Recognizing Leadership in Indian
Manufacturing Were Presented to Tata Steel, Hero MotoCorp Limited
and Yogesh & Rajesh Agrawal of Ajanta Pharma Limited
Today, Time Inc. announced the winners of the inaugural TIME
India Awards, honoring leaders for manufacturing excellence in
India, at the Make in India Week in Mumbai. McKinsey & Company
is the knowledge partner for the awards. The awards encompassed
three categories: Best in Class Manufacturing, Manufacturing
Innovator of the Year and Young Maker of the Year.
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 today, at which Indian Prime
Minister Narendra Modi was the guest of honor. The awards launched
a weeklong 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.
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Time Inc.MediaKerri Chyka,
212.522.3651kerri_chyka@timeinc.comorHill + Knowlton
StrategiesAkshay Arambam, +91
9632997038akshay.arambam@hkstrategies.comorMcKinsey &
CompanyNatasha Wig, +91 2266302131natasha_wig@mckinsey.com