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Nominations invited for trade awards

Nominations are invited from Indian, British cos for the UK Trade and Investment India Business Awards.

india Updated: Feb 13, 2006 13:37 IST

From Monday, nominations are invited from Indian and British companies for the UK Trade and Investment India Business Awards.

The awards, announced by Prime Minister Tony Blair in New Delhi last September, are the first created by any government to specifically recognise India's global business influence and success.

Welcoming the announcement, Britain's Minister for Trade and Industry Ian Pearson said: "I was in India last month, accompanied by a delegation from the Indo-British Partnership Network, and witnessed the very strong commitment to Indo-UK relations and business that exists there.

"And so, I am particularly pleased that the UK Trade & Investment India Business Awards have now become a reality. Companies that enter the awards will do so for prestige, endorsement of business excellence, networking and promotional value. The awards will demonstrate that business partnership between the UK and India is not only financially beneficial but also highly rewarding."

The minister said the two countries had a long and profitable history of business relationships.

"Britain is India's number one location for investment in Europe and the relationship goes both ways - India's economy is one of the fastest growing in the world and offers huge opportunities to UK companies in many sectors, particularly in terms of business partnerships," Pearson added.

Official sources here said nominations would be invited for the following categories from Indian and British companies excelling in knowledge based industries, including ICT, software, BPO, pharma, biotech, healthcare, automotive and engineering services:

* Investor of the Year - for those Indian companies that have successfully set up in Britain.

* Business Partnership Award - for successful Indian and British business partnership in Britain or India.

* Innovation Award - British company that has successfully launched a new product or service in the Indian market.

* New Market Entrant - British company that has successfully demonstrated start up capability in India.

* Business Person of the Year - Indian or British businessperson who has contributed significantly to business relations between the two countries.

* Entrepreneur of the Year - an Indian entrepreneur successful in Britain.

* UK Trade & Investment Special Recognition Award - nominations are not sought for this category. The judging panel will identify companies and individuals for consideration and those short-listed will be notified.

The awards are co-sponsored by Barclays Bank, BMI, Grant Thornton, London Stock Exchange and Taj Group of Hotels.

Nomination forms and eligibility criteria are available on: www.ukinindia.com

UK Trade & Investment is the government organisation that provides integrated support services for British companies engaged in overseas trade and foreign businesses focused on Britain as an inward investment location.

Nominations will be accepted by email and mail until 31 May 2006. The awards will be given away at a gala evening in Mumbai on Nov 1, 2006.

The Indo-British Partnership Network (IBPN) was launched by Pearson in December 2005 to increase bilateral trade, business and investment between the two countries.

It is described as an accessible gateway reaching out to businesses of all sizes and particularly encouraging and facilitating small and medium enterprises to do business with India. Membership is free via its website www.ibpn.co.uk.

First Published: Feb 13, 2006 13:12 IST