Though the world is facing an economic slowdown and global markets have become extremely unpredictable, India has shown relatively less vulnerable sentiments. It is therefore seen as a player taking the lead in shaping of the all new global fiscal ecosystem. As globalization is being redefined, small and medium enterprises (SME) are the ones reassuring the economy, which is experiencing signs of revival. SMEs are touted to be tickets for India to be positioned on the global economy map. Having recognised this potential CNBC TV 18, India’s no 1 business channel and ICICI Bank, India's Largest Private Sector Bank have been boosting the morale of the SME industry with the ‘Emerging India Awards 2009’ powered by CRISIL, which voices the theme “India Awakening”. Nominations for the 5th edition of these awards have been kicked off by CNBC TV 18.
The ‘Emerging India Awards 2009’, to be conducted in August, will recognize and reward India's most globally-competitive SMEs whose business practices are at par with global giants. It aims to salute those entities that are geared up to take on the world and are elevating Indian Inc to the global village. These awards not only help Indian SMEs gain better access to capital, technology, global markets and quality manpower, but also bring together this seemingly disparate community on a single platform. The awards identify and honour SMEs which are competent enough to develop a higher benchmark of excellence, which prove to be profound motivation to the next generation of SMEs, bringing them on par with top global organizations.
ICICI Bank and CNBC TV18’s ‘Emerging India Awards’ is India’s foremost initiative powered by the capability of shaping the future of Indian SMEs, and have been acknowledged as India’s biggest business award by the Limca Book of Records. The fact that the awards are a benchmark for the SME sector can be judged from the fact that the initiative
Commenting on the awards Mr. Neel Chowdhury, Vice President, Marketing CNBC-TV18, CNBC Awaaz said “The ‘Emerging India Awards were the first platform in promoting and encouraging SMEs in India and were conceptualized with the objective of recognizing SME performers and helping them develop new business avenues all over the country. These awards recognize and encourage entrepreneurs who have stood strong in the face of crisis and have proved their mettle to have brought themselves to world class standards of various functions.”
Commenting on the awards Mr. Amit Palta, General Manager, ICICI Bank Ltd said “Last four years we experienced a boom in the economy and recognised the top value creating SMEs. This year when the going has gotten tougher we intend to recognise the SMEs who have shown great resilience in the recent past. Through Emerging India Awards we will not only acknowledge their effort and robust business model but also encourage them to go on to the next level”
The nominations for the awards can be registered at
http://www.emergingindia.moneycontrol.com/awards.php.
Last date for nominations-31st May’09
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The nominations will be received in following categories:
- Automobiles, auto ancillaries and engineering
- IT Communication and Entertainment (ICE) and ITeS
- FMCG, food and agri-based business
- Trading (non-retail)
- Textiles and apparels
- Pharmaceuticals and chemicals
- Gems and jewellery
- Retail
- Infrastructure
- Travel and tourism
- SME of the year
- Small Enterprise of the year
About ICICI Bank:
ICICI Bank Ltd (NYSE:IBN) is India's largest private sector bank and the second largest bank in the country with consolidated total assets of about US$ 95 billion as of March 31, 2009. ICICI Bank’s subsidiaries include India’s leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence currently spans 19 countries, including India.
About CNBC-TV18:
CNBC-TV 18 is India's No.1 business medium and the undisputed leader in business news. Its leadership epitomizes the fact that India means business. It delivers quality and involved audiences that comprise a comprehensive viewership base greater than similar offerings in the business space across all media. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across the country. CNBC-TV18 is currently available in over 30 million households in India.