MUMBAI: ICICI Bank and CNBC TV-18 have announced that the date for sending in entries for participation in the ‘Emerging India’ has been extended from 7 January to 31 January due to the overwhelming response received from the Small & Medium Enterprises (SMEs) from all over the country.
The initiative to recognise the contribution of SMEs to the growth of the Indian economy. SMEs in the country having a net worth of a maximum of Rs 50 crores are eligible for entry into the awards, informs an official release.
ICICI Bank and CNBC-TV18 have tied up with CRISIL – India’s premier credit rating agency for designing and executing the evaluation process for the awards. Tata Indicom Enterprise Business Unit and AFL will support this first of its kind initiative.
The Emerging India Awards invites entries from those SMEs that have started operations before 1st January 2000. These will be shortlisted to 25 per category based on value creation parameters of financial data provided by the entities. A second round of screening will follow where CRISIL will review the financial statements of the chosen entities to shortlist 3 entries per category.
Each of the 3 shortlisted entities per category will have to make a final round of offsite presentations about their respective businesses. Awards will be presented to winners as well as runners-up in each category.
Tag: Emerging India awards
-
Emerging India awards, date for sending entries extended
-
ICICI Bank, CNBC-TV18, CRISIL shortlisted nominees for ‘Emerging India Awards’
MUMBAI: CNBC-TV18 and ICICI Bank have tied-up with CRISIL to shortlist the nominees for ‘Emerging India Awards’, an initiative to recognise the the contribution of small and medium enterprises (SMEs) to the growth of the Indian economy.
CRISIL, the credit rating agency for designing and executing, evaluated the process for the awards. In a statement, the SMEs in the country having a net worth of a maximum of Rs 50 crore (RS 5 million) were eligible for ‘Emerging India Awards’.
The awards was declared open for entries from the SME sector on 7 December, 2004. For this particular awards, over 5,000 entries from all over the country from ten different sectors. Twenty-five nominees were shortlisted in each category based on value creation parameters of financial data provided by the entities.
The awards will be given away on a countrywide basis targeting 10 different categories like auto, engineering and ancillaries, pharma and chemicals, FMCG, food and agri-business, gems and jewellery, textiles and apparel, information technology, communications and entertainment (ICE), IT enabled Services (ITeS), infrastructure, travel and tourism, retail trade and commodity traders and others.
The second round of screening will involve a review of financial statements of the nominees by CRISIL to shortlist three entries per category. Each of the three shortlisted entities per category will have to make a final round of offsite presentations about their respective businesses. The awards will be presented to winners as well as runners-up in each category.
As a part of this initiative, ICICI Bank and CNBC TV-18 had also organised forums in Mumbai, Delhi, Chennai, Bangalore and Ahmedabad to discuss the various issues and opportunities for SMEs in various industries. The panelists represented experts and eminent personalities from different industries/SMEs and ICICI Bank’s top management.