The award series in sync with the ‘Make in India’ initiative- Focus on applauding Indian manufacturing
- Registrations and nominations open from 24th June’15
Bangalore, 24th June 2015: Power2SME, the first ‘Buying Club’ for SMEs in India, today announced the opening of the second edition of ‘Spirit of Manufacturing Awards’ in association with The Indus Entrepreneurs (TiE), a global network of entrepreneurs, professionals and new companies established to foster entrepreneurship and nurture entrepreneurs. This annual award series aims to empower the indigenous manufacturing industry and is in line with the recently launched ‘Make in India’ initiative announced by the Indian government.
The season two of annual awards will focus on applauding and acknowledging innovation among home-grown manufacturing start-ups. The registrations and nominations process begins from 24th June ’15 at http://spiritofmanufacturing.com/. The nominations are open for manufacturing start-ups with less than 10 years of existence. The winners will be announced during month of October at the award function, to be held at the side lines of TiECON 2015.
Talking about the launch, Mr. R Narayan, Founder and CEO, Power2SME said, “We are happy to launch the second edition of the Spirit of Manufacturing Awards in association with TiE. In its second year, the Spirit of Manufacturing Awards reiterates our commitment towards empowering the SME community and aspires to provide fillip to the manufacturing landscape. Manufacturing sector has been a key focus area for the government, and with campaigns like ‘Make in India’ and ‘Swachh Bharat Abhiyan’ manufacturing SMEs are receiving the much needed boost. We are glad that the Spirit of Manufacturing Awards is very much in cognizance with this initiative and the platform would not only look at recognizing the ‘Made in India’ stories, but would also aim to showcase the journey and hard work of the Indian SMEs. We hope that our association with TiE will be able to make a positive impact to the manufacturing industry and help enable the India growth story.”
Sharing views on the awards, Ms Geetika Dayal, Executive Director, TiE Delhi-NCR said, “The Spirit of Manufacturing Awards is a platform to bring forth the inspiring stories from the manufacturing sector that can motivate young entrepreneurs. As the name suggests, the platform aims to celebrate the essence of the manufacturing sector that resonates with the Indian government’s ‘Make in India’ initiative. With the second edition of the awards, we aim to reach out to more and more SMEs and invite them to be a part of the awards.”
| Nomination categories, 2015 | 2014 winners |
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The award categories include award for:
1. IT Adoption Excellence & Innovation 2. Social Impact 3. Young Entrepreneur Award of the Year 4. Woman Entrepreneur of the Year 5. The Most Promising International Business Leader
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1. Excellence in Innovation and IT Adoption
A. Mr. Lalit Ahuja, Ahuja Group and B. Mr. Vinay Chadha, GVC Systems 2. Best Social Impact-Mr. Sahil Dharia, Soothe Healthcare 3. Woman Entrepreneur of the Year- Ms. Hiresha Verma, Hanzen International 4. Young Entrepreneur of the Year- Mr. Aditya Singhal and Ms. Garima Narang, IML Jeans |
The winner of the ‘Spirit of Manufacturing’ Award will be selected through a series of evaluation rounds, spread over a month and half based on the presentation and score in the assessment rounds. A jury of renowned experts and industry veterans will conduct the evaluation processes.
About Power2SME
The first ‘Buying Club’ for SMEs in India, Power2SME, an Inventus Capital Partners, Kalaari Capital and Accel Partners funded company began operations in 2012. Committed to empowering SMEs by Increasing their profits, Power2SME focuses on reducing purchase prices for SMEs and enhancing productivity. Power2SME enables SME clients to focus on their core business of driving growth and expansion, while taking on the role of sourcing input raw materials at the most competitive price points across multiple products in categories such as Chemicals, Additives, Inks, Paints, Metals, Polymer Commodity, Polymer Engineering, etc.
Power2SME works with large, established and trusted suppliers so clients are assured about product quality. The present suppliers include companies such as SAIL, IOCL, GAIL, AkzoNobel, Haldia, etc.
About The Indus Entrepreneurs (TiE): The Indus Entrepreneurs (TiE) is a global not-for-profit organization focused on promoting entrepreneurship. TiE helps budding entrepreneurs by way of advice, guidance and assistance from successful & experienced entrepreneurs and professionals. TiE provides a platform for mentoring, networking & education, to entrepreneurs & professionals. The purpose of TiE is to encourage and nurture the next generation of entrepreneurs and add to the virtuous cycle of wealth creation spurring development and economic growth of the world. It does so by following the ancient Indian Guru-Shishya tradition.