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Mumbai, November 11, 2005: CNBC-TV18’s Emerging India Awards
2005-06, presented by ICICI Bank, was launched today at New Delhi.
The ‘Emerging India Awards’, recognizes the best sustainable
Value Creators among SMEs in the country. Indian SMEs having a net
worth of a maximum of Rs 75 crores are eligible for entry to the
awards. The Emerging India initiative has been powered by CRISIL,
India’s premier credit rating agency.
CNBC-TV18’s Emerging India initiative has been acknowledged
by SMEs, the government of India as well as the Finance Minister
as a benchmark initiative; one that aims to recognize and support
the growth of SMEs in India. Over the last 2 years, this initiative
has gathered momentum and has seen extensive participation from
SMEs across India from different sectors. In its first year, the
Emerging India Awards saw more than 5000 small and medium sized
enterprises participate by way of nominations.
As a prequel to the Emerging India Awards 2005-06, Emerging India
Forums have been touring the country once again as a platform for
SMEs to voice their views. After its initial success in Hyderabad,
these forums will also be held in New Delhi, Pune and Kolkata. The
series also comprises of shows on CNBC-TV18, anchored by Vivek Law.
These shows raise important issues related to SMEs; be it on the
policy front or issues related to technology, global markets, competitiveness
etc. The theme of the current year’s initiative is ‘Gearing
Up for the Next Level’ where the accent is more on strategies
and support that will help SMEs face the challenges of a rapidly
integrated world market.
The Emerging India Awards will follow a three-stage evaluation
process beginning November 2006. The first stage begins with SMEs
nominating them using the nomination forms available across ICICI
Bank Branches and also on www.moneycontol.com/cnbc/emergingindia.
The second stage involves detailed evaluation of financials as well
as other parameters of top 25 entries and 3 SMEs in each category
are short listed for the third stage. The third and final stage
is a jury-based evaluation comprising of eminent industry leaders
and experts along with CRISIL representatives.
Two new award categories have been instituted in addition to the
existing ones in the Emerging India Awards 2005-06. These are Women
Entrepreneur of the Year and the Most Promising ‘Small’
Enterprise of the Year. The Awards will be held in the period Feb-March
2006.
The awards would be given away on a countrywide basis in ten different
categories:
1. Auto, Ancillaries and Engineering
2. Pharma & Chemicals
3. FMCG, Food & Agri-Business
4. Gems & Jewellery
5. Textiles & Apparel
6. Information Technology, Communications and Entertainment (ICE),
IT enabled Services (ITeS)
7. Infrastructure
8. Travel & Tourism
9. Retail Trade
10. Commodity Traders and Others
CNBC-TV18’s Emerging India Awards are presented by ICICI Bank.
The Awards are powered by CRISIL. Air India and tradeindia.com are
associate sponsors of the initiative. Moneycontrol.com powers the
online registration process as well host the micro site for the
initiative.
Participation is free and application forms are available at any
of the
ICICI Bank branches or online on ww.moneycontol.com/cnbc/emergingindia.
Speaking on the occasion, Mr. V. Vaidyanathan, Head – Retail
Business, ICICI Bank, said,” ICICI Bank is proud to have partnered
along with CNBC- TV18 to launch the Emerging India Awards-
India's FirstAwards for recognising the achivements of SME's.With
the launch of the initiative last year, the awards are today reckoned
as benchmark for excellence giving due recognition to SME's”
Commenting on this initiative, Mr. Haresh Chawla, CEO, CNBC TV18,
said “Feedback from SMEs across the country has encouraged
us to come back stronger this year. We believe that CNBC-TV18 has
been able to, in its own small way, contribute to the development
of this important segment of the Economy. We are proud to partner
ICICI Bank in this initiative and hope that they will continue to
play a pivotal role in supporting the growth of the SME sector.
Besides recognizing the best SMEs in different sectors, the Emerging
India Awards have been instrumental in helping create benchmarks
in a relatively un-organized space. This we believe will help address
some key issues affecting SMEs: improved credit flow, access to
technology and most importantly, access to quality talent –
three of the most important concerns raised by SMEs across India.”
Mr. D Thyagarajan, Director-SME Rating, CRISIL Limited, said “SME's
play a vital role in keeping cost levels in the economy low. CRISIL
will do all it can to encourage a sector that is so critical for
India's cost competitiveness.”
About CNBC-TV18:
CNBC-TVI8 is India's No.1 business medium. CNBC-TV18 is the undisputed
leader in the business. 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
India. CNBC-TV18 is currently available in over 26 million households
in India
About ICICI Bank
ICICI Bank, India’s second largest bank, provides a broad spectrum
of financial services to individuals and companies. ICICI Bank today
services a growing customer base of more than 10 million customer
accounts through a multi-channel access network including over 780
branches and extension counters, over 2000 ATMs and telephone, mobile
and Internet banking (www.icicibank.com).
SME banking is a high growth area for ICICI Bank. ICICI Bank’s
Small Enterprises Group is focused on providing complete banking
solutions to SMEs including term loans, working capital, trade finance
and transaction banking services. These services are provided by
a dedicated team of over 500 professionals spread across 100 cites.
The Bank leverages its network of over 780 interconnected branches
and strong technology platform to provide state-of-the-art customized
banking solutions to the SMEs. Some of its widely accepted products
in the SME space are the Roaming Current Account which provides
the convenience of anytime -anywhere banking and the Channel Finance
facilities for meeting the financing needs of the channel partners
of its corporate customers ICICI Bank has pioneered innovative credit-evaluation
techniques, which goes beyond just the evaluation of SME firm’s
financials and involves deep understanding of the SME business and
the industry. This approach has substantially improved turnaround
time for its customers. ICICI Bank’s SME business has grown
substantially over the past few years. The total assets (including
fund and non- fund facilities) and liability business of the bank
in the SME space stands at over Rs.13, 500 crores.
About CRISIL
CRISIL is India’s leading Ratings, Financial News, Risk &
Policy
Advisory Company. CRISIL leverages its core strengths of credibility
and analytical rigour to deliver opinions and solutions that help
clients
mitigate and manage their business and financial risks, make markets
function better, and help shape public policy. CRISIL supports these
through its unique width of product and service offerings. CRISIL
is an
associate of S&P worldwide.
For further press queries please contact:
Lorraine Correa
Hanmer & Partners Communications Pvt. Ltd.
3rd Floor, Rehem Mansion I
42, Shahid Bhagat Singh Road
Colaba, Mumbai 400 001, INDIA
Tel: +91-22-56335969/55524600
Fax: +91-22-56335979
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