The Hindu : Tamil Nadu / Chennai News : Selection process for budding entrepreneurs awards launched

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Thursday, Jan 21, 2010
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Tamil Nadu - Chennai

Selection process for budding entrepreneurs awards launched

Special Correspondent

It has been instituted by CII and The Hindu Business Line

Idea is to bring budding entrepreneurs to limelight and join list of national-level players
The awards were modelled on the lines of the Singapore Enterprise 50 awards

CHENNAI: To recognise and applaud the spirit of entrepreneurship in Tamil Nadu, the Confederation of Indian Industry and The Hindu Business Line have come together to institute the “Tamil Nadu Emerging Entrepreneurs Awards.”

The winners will be announced in March.

Launching the selection process for the awards, C.K. Ranganathan, Chairman, CII-Tamil Nadu Chapter, said the idea behind the awards is to bring to the limelight the State’s budding entrepreneurs so that they make the next big jump and join the growing list of national-level players.

First-generation entrepreneurs or those who have remarkably transformed a family-run business are eligible to apply for the award. “We invite companies with a revenue of between Rs. 10 crore and Rs. 500 crore and with a consistent growth and profitability record to apply,” Mr. Ranganathan said.

Mr. Gopal Srinivasan, Chairman of the awards committee, said that the awards were modelled on the lines of the Singapore Enterprise 50 awards, where the government recognises and felicitates budding entrepreneurs.

Scrutiny of nominations

The selection process, according to him, is being done in an extremely professional manner, with the help of agencies such as the IMRB. The nominations will be scrutinised on parameters such as turnover, growth rate, profitability and corporate governance.

The winners will be selected by an eminent jury, according to Mr. Srinivasan.

The jury includes N. Gopalaswami, former Chief Election Commissioner; N. Kumar, Vice-Chairman, Sanmar group and former CII President; Preetha Reddy, Managing Director, Apollo Hospitals; Akhila Srinivasan, Managing Director, Shriram Life Insurance; Bharat Raman, Additional Advocate-General; and Krishnadeva Vanavarayar, industrialist.

Both Mr. Ranganathan and Mr. Srinivasan expect the awards to help the participants, especially those short-listed for the final round, to learn from each other’s experience and the best practices.

“Entrepreneurs are the freedom fighters to make India’s vision for prosperity and peace a reality,” adds Mr. Srinivasan.

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