Eminent industrialist Ratan Tata was conferred with the first ever ‘Udyog Ratna’ award instituted by the Maharashtra government. The award was presented to the 85-year-old chairman emeritus of Tata Sons by Chief Minister Eknath Shinde and Deputy Cheif Ministers Devendra Fadnavis and Ajit Pawar at the industrialist’s home in Colaba in south Mumbai.
The contribution of the Tata group in all sectors is immense. The steel-to-salt group operates in more than 100 countries across six continents. In 2021-22, the collective revenue of Tata companies stood at $128 billion. The honour comprised a shawl, a citation and a memento from the Maharashtra Industrial Development Corporation (MIDC). The award comprises a shawl, a citation, and a memento. It is presented by the Chief Minister of Maharashtra.
The Udyog Ratna award is a prestigious award that recognizes the achievements of outstanding industrialists in Maharashtra. It is a testament to the contribution of these individuals to the economic development of the state. The award is named after the Sanskrit word “udyog”, which means “enterprise” or “industry”. It is a fitting name for an award that celebrates the achievements of those who have helped to build and grow the industrial sector of Maharashtra. The Udyog Ratna award is a great source of pride for the recipients, and it is a reminder of their contribution to the state’s economic development. It is also an inspiration to others who are working to make a difference in the industrial sector.
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