Frost & Sullivan Recognizes Future-Ready Companies at the India Manufacturing Excellence Awards 2022

~19 awards were presented to companies for their exemplary performance at the 18th edition~

~Nominations for the 19^th edition of the awards are open until May 15, 2023~

MUMBAI, India, Jan. 23, 2023 /PRNewswire/ -- Frost & Sullivan concluded the 18th edition of the India Manufacturing Excellence Awards (IMEA) at Taj Bangalore, Bengaluru. 13 companies were honored and recognized for optimizing their operational excellence and being future-ready. The companies were evaluated for using digital manufacturing tools, optimizing their supply chain, and effectively enhancing their manufacturing capabilities. 19 awards were presented in a grand ceremony on January 20, 2023.

This year's awards were presented to companies across four major categories: Indian Manufacturer of the Year Award, Future-Ready Factory of the Year Award, Smart Factory of the Year Award, and Gold Award. Hyundai Motor India Limited received the evening's top honors—the Indian Manufacturer of the Year Award and the Smart Factory of the Year Award, with Hindalco Industries Limited - Mahan Aluminium being awarded the 1^st Runner-up award for Indian Manufacturer of The Year and ABB India Limited - Smart Power Division taking the 1^st Runner-up Award for Smart Factory. Tata Motors Passenger Vehicles Limited, Royal Enfield - A Unit Of Eicher Motors Limited, ABB India Limited - Smart Power Division, Karam Safety Private Limited and Nivea India Private Limited were awarded the Future Ready Factory of the Year.

Congratulating the award recipients, Rahul Sharma, VP & Global Head, Manufacturing & Process Consulting Practice, Frost & Sullivan, said, "It has been an absolute honor and privilege to conduct the 18^th edition of IMEA in person after a gap of two years. I would like to congratulate all the award recipients for their dedication and determination toward persistent improvement. We are positive that this will further motivate companies to continue pushing the boundaries of excellence."

Deepak N G, Managing Director, Dassault Systemes India, said, "Digital technologies are shaping the new face of manufacturing and are dramatically improving human-machine efficiency. Companies that will effectively implement virtual twins will have a competitive advantage in terms of price points and time to market. India Manufacturing Excellence Awards (IMEA) constituted by Frost & Sullivan is based on the same premise and belief, with a proprietary assessment methodology perfected over 1000+ manufacturing sites. For manufacturing leaders, now is the time to take a step forward and accelerate toward digital maturity, sustainability, and improved business performance."