TIME has launched the TIME India Awards, a recognition of leadership in Indian manufacturing. McKinsey & Company is the knowledge partner on this project. The TIME India Award winners will be announced on February 13, 2016 in Mumbai and will be presented to three leaders in the categories of innovation, entrepreneurship and sustainable manufacturing.
TIME will release a short list of three finalists in each category at the World Economic Forum in Davos, Switzerland in January. TIME will work closely with McKinsey & Company to identify the shortlist, and a panel of elite judges, including global business leaders, will determine the winners.
"These are dynamic and challenging times for every economy and India is responding proactively and progressively,” said Norman Pearlstine, Chief Content Officer, Time Inc., who will present the awards in February. "We are pleased to be working with McKinsey to identify the people and companies that are changing the Indian economy, which is the fastest growing in the world, from the inside out."
“The Indian economy is likely to be a bright spot of growth on the global firmament in the coming decade,” said Rajat Dhawan, senior director at McKinsey & Company in India. “Manufacturing in India has the potential to power this growth, and in the process transform millions of lives. We are delighted to partner with TIME in this seminal initiative to recognize the spirit of innovation, excellence and entrepreneurship in Indian manufacturing.”
TIME is a global multimedia brand with an audience of more than 100 million worldwide, including its U.S and international magazine editions, Time.com, social media and TIME for Kids.
During the past couple of months, Time Inc. has been extending the scope and activities of its brands globally. It recently announced the international expansion of the highly acclaimed Essence Festival franchise, launching a three-year partnership with eThekwini Municipality to host the Essence Festival in Durban, South Africa. Time Inc. also announced the launch of a US bespoke edition of Wallpaper.