Stressing on Equitable Social Development, Mr. Kamath, further added, “Companies need to look at Equitable Social Development by developing new models and innovative processes to tap in to the rural market.
This innovation is essential for sustainable growth and will be prove to be the distinguishing factor for the organization.”
CII also announced the results of CII-EXIM Bank Award for Business Excellence for 2007. The model has gained wider acceptance and this year saw award application from different sectors across public and private sector companies.
CII commended 25 companies for their strong commitment to excellence and 10 companies for significant achievement. However, there was no award winner this year.
Mr. S.R. Rao, Executive Director, EXIM Bank of India said, “A deep understanding of various facets of organizational excellence is a must. CII EXIM awards not only recognizes excellent businesses but promotes understanding of the key elements necessary for long term growth.”
These elements include technological progress, human development and building quality products & services. He also added, that firms need to strive to evolve strategies that meet the needs of a dynamic market not only in India but also across the world. CII EXIM bank awards is not just an award but an instrument of building a world class organization.”
Echoing the sentiments, Lt. Gen. S.S. Mehta, Director General, CII in his concluding remarks said, “In our quality journey Indian companies have come a long way in the last decade as evident from our global successes but we still have a lot more to do.
One of the biggest contributors to our global success is the 'can win' attitude that is not only important in the game of cricket but also in the corporate sector. This winning streak will continue as India's young demographic will remain its an advantage and propel the country to dominate global markets.”
Confederation of Indian Industry
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