Delhi: Tata group chairman Ratan N Tata has been
named the Ernst & Young Entrepreneur of the Year
2003 for having "achieved a makeover of far-reaching
will represent India at the Ernst & Young World
Entrepreneur of the Year Awards ceremony to be held
in Monte Carlo, Monaco, in June 2004.
received the coveted award from Deputy Prime Minister
L K Advani in the presence of Minister for Commerce
and Industry Arun Jaitley, Infosys Technologies chairman
and chief mentor N R Narayanamurthy, senior bureaucrats
and Indian corporate leaders.
was the recipient of the Ernst &Young World Entrepreneur
of the Year Award this year.
citation for the award to Tata said: "Since he
took over the reins of the Tata group in 1991, Tata
has achieved a makeover of far-reaching dimensions.
From a relatively unwieldy conglomerate, Tata has now
changed the complexion of the group to make it more
nimble-footed and cohesive. Tata companies are now making
their mark on the world stage.
Consultancy Services is set to become the world''s largest
provider of end-to-end technology solutions; Tata Tea''s
acquisition of the Tetley brand in the UK makes it the
world''s second-largest tea marketer; Tata Steel is one
of the world''s lowest cost steel-makers; and Tata Motors,
traditionally a truck-maker, is today delivering best-selling
passenger cars like the Sumo and the Indica."