The IEI Industry Excellence Award has been instituted to recognize industry leaders for their innovation, excellence in engineering operations and thereby, to lead their industry in competitive manner. The benchmarks created by the industries in India have included productivity, quality, safety and performance assurance thereby giving India the rightful place in the global markets. Realizing that such industries can provide the leadership to a large number of other industries in the country, it has been considered appropriate by the IEI Council to institute the IEI Industry Excellence Awards in the year 2008.
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