Frost & Sullivan’s ‘India Manufacturing Excellence Awards (IMEA) 2016’ lauds Future Ready Factories across the Manufacturing Industry in India

Frost & Sullivan announces its association with FICCI for the forthcoming India Manufacturing Excellence Awards (IMEA)

Hyundai Motor India Limited, Chennai receiving the ‘Indian Manufacturer of The Year Award’
(Left to Right)- Mr. Aroop Zutshi, Global President & Managing Partner, Frost & Sullivan, Mr. Young Key Koo, Managing Director, Mr. Ganesh Mani. S, Vice President – Production and Mr. Gopalakrishnan C.S, Senior General Manager – Production, Hyundai Motor India Ltd

MUMBAI, India – 13^th  December, 2016 – The 13^th edition of the ‘India Manufacturing Excellence Awards (IMEA) 2016’ came to a spectacular close following the recognition of the best manufacturing companies in India at Hyatt Regency, Mumbai.  The event rounded off with the announcement of Frost & Sullivan’s association with FICCI (Federation of Indian Chambers of Commerce and Industry) for ‘India Manufacturing Excellence Awards (IMEA) 2017’.

Frost & Sullivan has been engaging with companies from the grass root level, while FICCI has been actively representing industry requirements to the policy makers, with the same objective: enhancing India’s manufacturing competitive advantage. Moving forward, both organizations have partnered to drive the common agenda of propelling Manufacturing growth. Frost & Sullivan and FICCI will be jointly hosting “India Manufacturing Excellence Awards” henceforth.

“FICCI is happy to partner with Frost & Sullivan for Indian Manufacturing Excellence Awards. FICCI has been consistently working towards improving competitiveness and productivity of Indian manufacturing sector. The sector has the potential to be the engine of growth and create job opportunities for our burgeoning workforce. These awards shall help the industry to adopt best practices in the operation excellence, reduce wastages and achieve higher levels of growth” stated by FICCI.

India Manufacturing Excellence Awards (IMEA) was conceptualized by Frost & Sullivan with a mission “to recognize Indian Manufacturing capability and assess its global competitiveness” and has been the premier platform to identify Future Ready Factories in India.

“Manufacturing is the key driver of economic prosperity and creates more wealth than any other industry. The current challenges of low demand, increasing raw material, and labor cost require organizations to adopt advanced manufacturing practices to become efficient and remain competitive. Adoption of right technologies to take companies to next level of performance, efficiency, and quality will be crucial to sustenance” said Mr. Nitin Kalothia, Director, Manufacturing & Process Consulting Practice, Frost & Sullivan.

With a legacy of 12 years, Frost & Sullivan’s IMEA has been one of the largest and most sought after on-site assessment and awards program in recognizing and benchmarking industries across all sectors and categories. Built on the strong foundation of the ever evolving Global Excellence Model and delivered through a robust, acclaimed, and constantly enhanced objective assessment process, IMEA is derived from global best manufacturing practices. The awards recognize the best in class innovation, success stories and stellar performances exhibited in the manufacturing industry.

Hyundai Motor India Limited – Chennai, was recognized with the “Indian manufacturer of the year award” followed by Mahindra & Mahindra Limited – Igatpuri and UltraTech Cement Limited – Vikram Cement Works winning the 1^st and 2^nd Runner-up positions, respectively.

This year’s Manufacturing Excellence awards were presented to 27 companies under three major categories: Indian Manufacturer of the Year Award, Future Ready Factory of the Year Award and Gold Awards.

The 2016 India Manufacturing Excellence Award Recipients are: