Business
 
 
 
‘Our relationship is very special, and one which contains exceptional potential. Both governments are determined to realise this potential, to the advantage of our people and our bilateral relationship.’
Dr Manmohan Singh, Prime Minister of India

’We are two countries that have undergone a lot of change, are continuing to undergo a lot of change, but are both confident of our future and confident of the role we can play together in shaping the modern world.’
Rt Hon Tony Blair, Prime Minister of the UK

[link for full speech on www.ukinindia.com]

FIRST UK TRADE AND INVESTMENT INDIA BUSINESS AWARDS PRESENTED BY HRH PRINCE ANDREW ON NOVEMBER 1, 2006.


The first ever UK Trade & Investment India Business Awards, celebrating path-breaking UK-India Business Partnerships, were presented this evening by HRH Prince Andrew, The Duke of York, on his first visit to Mumbai, at an impressive ceremony at the Taj Land’s End Hotel. The function was attended by top-ranking business people representing world-class business links between the UK and India.

UK Trade & Investment is the British government's international business development agency.

The Awards and Winners were as below:

New Market Entrant of the Year

  Cranes Software International Limited - Cranes Software International Limited based out of Bangalore, India, has developed a significant IP-driven technology business within its focus area of Scientific and Engineering Software over the last 5 years. At present Cranes employs over 500 people.

Investor of the Year

  HCL Enterprises - HCL Technologies is one of India's leading global IT services company. It provides software-led IT solutions, BPO and remote infrastructure management services. For the twelve-month period ended 30th June 2006, HCL Technologies, along with its subsidiaries, had revenues of US $976 million (Rs. 4,388 crore) and employed 32,626 professionals.

Entrepreneur of the Year

  Mr. Ajay Piramal, Nicholas Piramal India Limited - One of India's foremost and well-respected business leaders, Ajay spearheaded investment in the UK by various companies within the Piramal Group. In particular, the flagship company Nicholas Piramal India Limited (NPIL) is the first major pharmaceutical company from India to invest in outsourcing assets in the UK.

Business Person of the Year

  Mr. Y C Deveshwar, ITC - Business Person of the year. From 1996, Yogesh has been the Chairman of ITC Ltd, one of India's most widely recognized and respected corporations. Under his leadership, the company has consolidated and strengthened its diversified businesses in Hotels, Paper & Board, and Packaging, achieving accelerated growth and profitability.

Innovation Award

  Logica CMG - Headquartered in the UK, Logica employs 30,000 people across the globe with a presence in about 36 countries. The company provides business consulting, systems integration and IT and business process outsourcing across diverse markets including telecoms, financial services, energy & utilities, industry, distribution & transport and the public sector.

Business Partnership of the Year

  Tech Mahindra Limited - Tech Mahindra is the longest running joint venture in the IT industry. The company’s focus is on providing software services to telecom equipment manufacturers with product and protocol expertise in voice & data communication. Majority owned by Mahindra & Mahindra, India’s fifth largest commercial group, in partnership with BT Plc (BT), Europe’s second largest telecom service provider, Tech Mahindra has grown rapidly to become the 8th largest software exporter in India. It is also ranked as the 3rd largest BSS SI in the world and the 4th largest player in Telecom Software from India.

The Awards, announced by British Prime Minister Tony Blair during his visit to India in September 2005, were sponsored by Barclays, London Stock Exchange, Grant Thornton and Taj Hotels Resorts & Palaces. The winners were decided by an eminent jury: Mr S Ramadorai, CEO, TCS; Dr Kiran Mazumdar-Shaw, CMD, Biocon India; Dr Saurabh Srivastava, Chairman, Xansa; Mr Kiran Karnik, President, NASSCOM; Lord Karan Bilimoria, Chairman, Cobra Beer; Hugh Sandeman, Head of Business Development, London Stock Exchange; chaired by the British High Commissioner in India Sir Michael Arthur KCMG.

In addition, UK Trade & Investment presented a Special Recognition Award to the Co-Chairmen of the Indo- British Partnership, Lord Karan Bilimoria CBE DL, Founder & CEO, Cobra Beer, and Mr Sunil Bharti Mittal, Chairman & Managing Director, Bharti Enterprises, in appreciation of their sterling contribution to the promotion of business relationships between India and the UK.

For the list of short listed companies - click here


NOTES TO EDITORS

UK Trade & Investment

UK Trade & Investment is the UK Government's international business development agency, supporting businesses seeking to establish in the UK and helping UK companies grow internationally. The services offered by UK Trade & Investment bring together a network of business sector specialists and support teams in British embassies and posts all around the world. UK Trade & Investment works with a large number of partner organisations promoting business in the UK. For more information, visit the web site at www.ukinvest.gov.uk.

For latest press releases, visit the online newsroom at
www.newsroom.uktradeinvest.gov.uk