Indus Towers, world’s largest telecom tower company (outside China), won the Deming Prize for 2018, being the first Indian company in the service sector and the fifth in the world to achieve this. The Deming Prize was bestowed on Indus Towers for distinctive performance improvements through the application of Total Quality Management (TQM) practices.
Indus Towers is only the 29th Indian company to win this coveted award, with other notable names including Tata Steel, Ashok Leyland, Mahindra and Mahindra, and NBC Bearings, etc.
Static/Current Takeaways Important for Indian Bank PO Exam 2018-
- The Deming Prize for 2018 was announced by J– USE – Union of Japanese Scientists and Engineers.
- It was established in 1951 and was originally designed to reward Japanese companies for their major advancements in quality improvement.