The award is being conferred on them jointly for their significant contributions in the fields of missile technology and remote sensing, Managing Trustee of Dr Y Nayudamma Memorial Trust, P Vishnu Murthy said in a release here today.
He said that this is the first time in the annals of the trust that two eminent women scientists are being concurrently honoured.
The scientists will be awarded in a ceremony to be held here on March 1.
Raman Magsaysay Award recipient Professor Shanta Sin ha will present the award to Dr Thomas and Varadan.
The Dr Y Nayudamma Memorial Award was instituted in 1986 by Dr Yelavarthy Nayudamma Memorial Trust to commemorate the distinguished scientist and internationally renowned leather technologist, Nayudamma.