New Delhi, July 14 (ANI-Businesswire): Frost and Sullivan has presented the ‘2015 Asia Pacific Economic Development Innovation: Policy and Program Implementation Excellence Award in Manufacturing’ to the Department of Industrial Policy and Promotion (DIPP) of Government of India for its ‘Make in India’ initiative here today.
Frost and Sullivan’s Global President and Managing Partner, Aroop Zutshi presented the award to Secretary of DIPP Amitabh Kant. This was in recognition of DIPP’s outstanding contribution to nurture India’s economic and industrial transformation.
“Global manufacturing is heading towards the fourth generation of manufacturing revolution (Manufacturing 4.0) which will redefine the terms of differentiation amongst countries. Prime Minister Modi’s Make in India initiative will not only boost Indian manufacturing potential but will reinstate the country’s global image as a high tech innovation hub as well,” Zutshi said at the function.
Frost and Sullivan’s Economic Development Innovation (EDI) program identifies exemplary initiatives by governments that have the potential to transform their countries into important destinations for investments and achieve rapid economic growth.
In addition, the EDI program also recognizes remarkable best practices of economic development agencies across the globe in various industry verticals, such as manufacturing, healthcare, technology and education.
The awardees are benchmarked on pre-determined metrics to highlight their achievements in mitigating growth challenges through visionary initiatives. (ANI-Businesswire)