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Make in India initiative of DIPP won Frost and Sullivan’s 2015 Economic Development Innovation Award

Jul 15, 2015 11:37 IST

Frost and Sullivan, a US-based Growth Partnership Company, on 14 July 2015 recognised Make in India initiative of the Department of Industrial Policy and Promotion (DIPP), Government of India.

In this regard, it presented the DIPP with the 2015 Asia – Pacific Economic Development Innovation: Policy and Program Implementation Excellence Award in Manufacturing.

The award was received by Amitabh Kant, Secretary, DIPP from Aroop Zutshi, Frost & Sullivan’s Global President and Managing Partner in New Delhi.

The award was given in recognition of its outstanding contribution to nurture India’s economic and industrial transformation through simplifying the regulatory framework, reinforcing connectivity and incentivising investments.

The Make in India initiative scored the highest score among the 100 countries in the GIL-100 Index: Manufacturing Index for 2015 on Manufacturing Excellence which was prepared by independent global experts through a detailed 10-step process.

Further, the evaluation of various manufacturing programmes across 100 countries was based on two underlying principles. These were:

Enabling Vision: Vision for Development Strategy and Vision Congruence, Role of Agency in Policy Design, Industry Focus and Funding and Innovative Programs

Implementation Excellence: Effective Channelization of Resources, Effective Program Coordination and Execution, Program Reach and Accessibility, Infrastructure Development and Implementation Success

About Economic Development Innovation Award

Economic Development Innovation (EDI) Award is given under Frost and Sullivan’s EDI programme that identifies exemplary initiatives by governments that have the potential to transform their countries into important destinations for investments and achieve rapid economic growth.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

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