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  • 1. Subodh Kant Sahai confers IACCs 8th Indo-American Corporate ExcellenceAwardsIndian companies like TCS, Binani Industries and Reliance Mediaworks awardedPress Release: 4th July 2012Mumbai, July 4, 2012: The Indo-American Chamber of Commerce (IACC), the only bi-lateralChamber ofCommerce in India, today formally honoured Tata ConsultancyServices, as theOverall Best Indian Company in US at the 8th Indo-American Corporate ExcellenceAwards (IACE) held at Hotel Trident, Nariman Point in Mumbai also commemorating the AmericanIndependence Day.The chief guest at the event was Shri Subodh Kant Sahai, Hon’ Union Minister forTourism, GoI. The event witnessed the creme da la crème of India and US Corporate and entertainmentworld. Bollywood Star Salman Khan was the guest of honour alongwith Harsh Goenka, Chairman, RPGGroup and Peter Haas, Consul General of USA, who gave away awards to winners in various categories.The event witnessed a high-profile guest list which included well-known Bollywood personalities.On the occasion Mr Subodh Kant Sahai said ’Tourism to be made a sector for employment generationand economic development’ he further said’ our target is to attain 1% per cent of the World Tourist Arrivalsby the end of the 12th Five Year Plan Period’. He then stated ’Foreign Tourists Arrival in 2011 was 6.29million and foreign exchange earnings generated was US$ 16.56 billion i.e. Rs. 77591 crore’. He iterated’Improving ties between the two countries and democratic setup of government in both countries providesa conducive environment for promotion of tourism between the 2 countries is need of the hour as USA isthe number one source market for inbound tourism to India’, he then added ’in the Year 2011 Indiareceived almost 16% of it’s total inbound tourists from USA’. He further stated’ India has 33 functionalInstitutes of Hotel Management (IHMs) comprising of 21 Central IHMs and 12 State IHMs and 6 FoodCraft Institutes. Faculty exchange programmes can be organized between the HumanResource Development Institutes in India and USA’. He then concluded’ a special programme can beorganized wherein the HRD experts from India and USA can visit some of the Institutes in both countriesand interact with the teaching faculty through conferences and seminars’.Mr. Anand Desai, National President, IACC commenting on this celebratory occasion said,’Both Indiaand US play a significant role in today’s global arena. US and India, the world’s twolargest democraciesare rapidly strengthening their bilateral ties and IACC has played a fundamental role in promoting andstrengthening Indo-US trade and business relationships for over 40 years. Through these awards, westrive to motivate companies in both countries to deliver greater value to their customers, enhanceemployment and participate in CSR, in turn boosting the economy of both countries.’Speaking on this occasion Mr. Pradeep Udhas, Chairman, I-ACE Awards, and Executive Director,KPMG said,’ The US-India partnership is realizing more of its great potential with each passing year. Thecontinuing trade and investment association between businesses & entrepreneurs of both these greatnations, coupled with improved collaboration and coordination between our governments, we will addressmany common challenges and achieve shared goals, ultimately leading to improved economic well-beingfor the citizens of both countries.’On being awarded as the Overall Best Company, Mr. S. Mahalingam, CFO, Tata Consultancy Servicescommented, ‘We are delighted to receive this award for corporate excellence from the Indo-AmericanChamber of Commerce. North America is integral to our global operations and we continue to partner withorganizations in that region, helping them to create value on a sustained basis for all stakeholders.’Trade between India and the US is expected to reach $100 billion by end of 2012, while Indian companiesare strengthening their presence in the US across various sectors. Some of the high potential sectorsidentified by The Indo American Chamber of Commerce that would boost trade volumes are foodprocessing, education and infrastructure.A snapshot of 8th Indo-American Corporate Excellence Awards Winners
  • 2. Sr.No . Best US Company in India Winner Organization Representative Best US Company in India in Mr. Sandeep Bhalla, Head of Retail CITIBANK N.A. 1 Financial Services Banking, Citi Bank Best US Company in India in Mr. B Raghavendran, Vice President CISCO SYSTEMS INDIA Technology & - Partner Organization, Cisco India / PVT LTD. 2 Communications SAARC Best US Company in India in Mr. Kewal Handa, Managing Director, PFIZER LTD. 3 Manufacturing Pfizer Ltd. Best US Company in India in GENERAL MILLS INDIA Mr. Ashutosh Phadke, Director – HR, 4 FMCG PVT LTD. General Mills India Pvt Ltd. Ms. Malti Sachdev, Business Unit Best US Company in India in BAXTER INDIA PVT LTD. Director – Renal, Baxter India Pvt Other Services 5 Ltd. Mr. Karamjit Dua, VP – Advertising Best US Company in India in DISCOVERY NETWORKS - Sales, South Asia, Discovery Media & Entertainment ASIA PACIFIC 6 Networks Asia - PacificSr. Best Indian Company in theNo Winner Organization Representative US . Best Indian Company in the Dr. B. V. R. Mohan Reddy, Founder, US in Technology & INFOTECH ENTERPRISES CEO, Chairman & MD, Infotech 7 Communications Enterprises Mr. Braj Binani, Promoter & Best Indian Company in the BINANI INDUSTRIES LTD. Chairman & Mr. Vinod Juneja, Group in US in Manufacturing 8 MD, Binani Industries Ltd. Best Indian Company in the Mr. Anil Arjun, CEO, Reliance Media RELIANCE MEDIAWORKS 9 US in Media & Entertainment Works Best Indian Company in the ROSY BLUE INDIA PVT Mr. Russell Mehta, Managing10 US in Gems & Jewellery LTD. Director, Mr. Naresh Sharma, Whole Time Best Indian Company in the CORE EDUCATION & Director, Core Education & US in Other Services TECHNOLOGIES LTD.11 Technologies Ltd. Ms. Sudha Parthasarathy, Executive Best NGO DEEPALAYA12 Director, DeepalayaSr. Best Indian Company in the Winner Organization RepresentativeNo. US Best Indian Company in the TATA CONSULTANCY Mr. S. Mahalingam, CFO, Tata13 US : Overall BEST SERVICES Consultancy ServicesAbout IACC:Established in 1968, The Indo-American Chamber of Commerce (IACC) is committed to
  • 3. promoting trade and commerce between India and the United States and is now the leading bilateralChamber at the forefront of facilitating stronger business ties between two of the worlds largesteconomies currently serve over 2,800 members and have 14 offices all across India.About I-ACE Awards:The Indo-American Corporate Excellence Awards hosted by IACC every year recognizes the best U.S.Companies in India and Indian Companies in US in various categories. The ceremony is also acommemoration of the American Independence Day.Quotes from the other winners of 8th I-ACE Awards –Citibank (Best US Company in India in Financial Services): Quotation from Mr.Pramit Jhaveri, CEO, Citi India, ‘Its an honor to receive this award, specially as wecelebrate Citis 200th anniversary this year around the world, and 110 years in India.This recognition demonstrates Citis competencies in delivering differentiated productsand services and stands testimony to the faith clients have in us. We would like to thankour clients and business partners for their support and we remain committed to offeringinnovative solutions to meet the growing needs and demands from our valued clients.’Pfizer (Best US Company in India in Manufacturing): Quotation from Mr. Kewal Handa, MD,PfizerLtd., ‘It is truly an honor to receive the award for the Best US company Operating in India under theManufacturing Category. This award is ecognition of our business practices and processes that aredesigned to achieve quality results that exceed the expectations of patients,customers, colleagues,investors, business partners and regulators.’Baxter India Private Limited (Best US Company in India in Other Services): Quotation from Mr.AnishBafna, Managing Director – Baxter India Private Limited,’ Baxter is honored to be recognized as the bestUS Company Operating in India. This award is recognition of Baxter’s commitment to creating lastingsocial, environmental and economic value for our stakeholders in India’s healthcare community.’General Mills (Best US Company in India in FMCG): Quotation from Mr. Vijay Sood, Vice President &Executive Director, General Mills India Pvt Ltd., ’I am delighted that General Mills India has beenacknowledged as the Best US Company Operating in India in the FMCG Category, and I humbly acceptthis award as recognition of what General Mills has built in this country over the past 16 years, and theparticipative, progressive and socially-responsible culture that it has created.’Discovery Networks Asia-Pacific (Best US Company in India in Media & Entertainment): Quotationfrom Mr. Rahul Johri, senior vice president and general manager – South Asia, Discovery Networks Asia-Pacific-‘This award is a recognition of Discovery Networks Asia-Pacific’s commitment to engage andentertain Indian viewers with unique and credible programming. It exemplifies and values the positivecontribution that the network brings through its innovative content.’Infotech Enterprises (Best Indian Company in US in Technology & Communications):Quotationfrom Dr. BVR Mohan Reddy, Founder, CEO and Chairman & MD, Infotech Enterprises, ’I am verypleased to receive the Indo American Corporate Excellence Award by Indo American Chamber ofCommerce. This award has a special significance to us because of our close business relationship withthe US. Over 60% of our revenues come from the US market and around 10% of our employees are UScitizens.’Binani Industries Ltd(Best Indian Company in US in Manufacturing).: Quotation from Mr. BrajBinani, Promoter and Chairman & Mr. Vinod Juneja, Group MD, Binani Industries Ltd.,‘ With a rich legacythat spans over 139 years, the Braj Binani Group is a multi-dimensional business conglomerate havingglobal operations in India, UAE and China. Already exporting to over 26 countries, the Group hasstrategic expansion plans in some of the worlds fastest growing economies’. He further said ’ with anannual turnover of over INR 30000 million, the group employs a 2000 plus strong, professional andcommitted workforce. From its inception to its ongoing growth and progress, the Braj Binani Group has
  • 4. maintained its strong allegiance to continual improvement. Values of honesty, transparency and efficiencyhave formed the core of the Groups foundation and have propelled it towards a global leadershipposition’.Best Regards,Ajay PancholiEvent Coordinator8th Indo-American Corporate Excellence Awards