MakeMyTrip wins Emerging India Award

BY A CORRESPONDENT
May 11, 2006

CNBC-TV18, alongwith ICICI Bank, and CRISIL,together with tradeindia.com, Canon, Air India and Deepak Fasteners Ltd, announced the winners of the CNBC-TV18 'Emerging India Awards' - a pioneering initiative to recognize the
contribution of Small & Medium Enterprises (SMEs) towards the growth of the Indian economy.

The CNBC-TV18 'Emerging India Awards' initiative aims at recognizing the most sustainable Value Creators among SMEs in the country. Indian SMEs with a maximum net worth of Rs 75 crore, were eligible for entry to the CNBC-TV18
'Emerging India Awards'..

The Emerging India Series is a platform for recognizing and promoting India's small and medium enterprises. The Emerging India Initiative is a series of forums that have culminated into the Emerging India Awards, which was introduced last year. The series, which has returned this year with a fresh new line up of Emerging India forums, will tour the country once again.

The Emerging India Awards for 2005 posted a record number of entries, a total of 35,000. The maximum number of entries were received from of Maharashtra.

Speaking on the landmark achievement of receiving 35,000 nominations for the award, Mr. K. V. Kamath, MD & CEO, ICICI Bank, said "The future for Indian SMEs looks bright across all Industry sectors. Policy initiatives can take the economy growth rate to a much higher level than 8.1%. To take advantage of this growth, it is important for the SMEs to make changes to consolidate and modernize their businesses, adopt best practices and bring in enhanced transparency - the Emerging India Awards initiative emphasizes these aspects and recognizes the companies that epitomize them."

Speaking on this initiative Mr .Haresh Chawla-CEO-CNBC-TV18 said "In its second year, the Emerging India Awards has become not just the benchmark for recognizing the best performing enterprises from the SME space but it has
also emerged as India's (and one of the world's) largest business awards! A true testimony to the power of the SME story. We are extremely proud to partner with ICICI Bank and CRISIL in this initiative. What is also extremely heartening that SMEs are raring to go and willing to take on challenges & opportunities thrown in by globalization! We will continue to take up the SME cause at the TV18 network."