Ratan Tata honoured with Global Indian award

Bal Krishna
Toronto, May 16 (PTI) India's top industrialist and
Chairman of the Tata Group, Ratan Tata has received the 2010
CIF Chanchlani Global Indian Award for his outstanding global
leadership, vision and professional excellence.
The award which carries USD 225,000 (Rs One Crore) and
citation was presented at the Annual Award Gala of Canada
India Foundation, held in Vancouver Barj Dhahan, Gala Chair
and Co-Chair of Canada India Foundation said.
Tata joined India's largest business conglomerate in 1962
and in 1991 replaced his predecessor JRD Tata, as Chairman
of Tata Sons.
Since then, the Group's revenues have increased 12-fold.
Recent acquisitions under Tata's guidance include Jaguar and
Land Rover from Ford Motor Company and Corus Group, an
Anglo-Dutch steel producer.
Tata was honoured with the Padma Vibhushan, India's
second-highest civilian award in 2008.
His dream of manufacturing a low-cost and environmentally
friendly car that more people in India could afford to drive
was realised when the Tata Nano, also known as 'the People's
Car', with an end-user cost of only USD 2,500, went into
production last year and has since received world-wide
acclaim.
Canada India Foundation created the CIF Chanchlani Global
Indian Award to recognise individuals who have demonstrated
global leadership, vision and professional excellence, which
has made people of Indian origin around the globe proud of
their heritage. PTI