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Emerging India awards, date for sending entries extended

MUMBAI: ICICI Bank and CNBC TV-18 have announced that the date for sending in entries for participation in the 'Emerging India' has been extended from 7 January to 31 January due to the overwhelming response received from the Small & Medium Enterprises (SMEs) from all over the country.

 

 

The initiative to recognise the contribution of SMEs to the growth of the Indian economy. SMEs in the country having a net worth of a maximum of Rs 50 crores are eligible for entry into the awards, informs an official release.

 

 

ICICI Bank and CNBC-TV18 have tied up with CRISIL - India's premier credit rating agency for designing and executing the evaluation process for the awards. Tata Indicom Enterprise Business Unit and AFL will support this first of its kind initiative.

 

 

The Emerging India Awards invites entries from those SMEs that have started operations before 1st January 2000. These will be shortlisted to 25 per category based on value creation parameters of financial data provided by the entities. A second round of screening will follow where CRISIL will review the financial statements of the chosen entities to shortlist 3 entries per category.

Each of the 3 shortlisted entities per category will have to make a final round of offsite presentations about their respective businesses. Awards will be presented to winners as well as runners-up in each category.

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