Indian SMEs sweep biz league awards
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Small and Medium Enterprises from India virtually swept the third FedEx International Business League awards, notching up 10 of the 12 finalists positions in the 6-nation contest that involved tough evaluation process of their performances.
Indian SMEs stamped their dominance as FedEx opened its IBL contest for the first time to countries in neighbourhood including Bangladesh, Sri Lanka, UAE, Bahrain and Kuwait.
Indian companies were chosen from the list of over 300 qualified nominations, while a company from Bangladesh and Sri Lanka made it to the two other positions.
The awards were presented by at a gala function here that attended by top FedEx officials: Elizabeth Finch – Vice President Sales, Middle East, Indian Subcontinent and Africa; David Canavan, Vice President Domestic Operations and Integration, India and Rakesh Shalia, Managing Director, Marketing, Middle East, Indian Subcontinent and Africa.
The finalists were chosen in three categories of the contest based on their turnover: USD 2.5 million to USD 25 million, USD 25 million to USD 70 million and USD 70 million to USD 150 million.
Indian firms secured top position in all the three categories.
The winning company receives free consultancy from a well known independent consultancy company to assist in growing their international business.
EMMBI Polyarns Ltd, a Mumbai based Plastic Polymer Processing company has won the number one ranking. It makes FIBC (Jumbi Bags) and Woven Sacks and various woven Polymer- based products such as container liners, protective irrigation system, flexi tanks and car covers.
Listed on BSE and NSE, it has customers in 30 countries on five continents and ranked as top three exporters in the products based on woven textiles.
Others included Surat-based diamond manufacturing firm, Shree Ramakrishna Exports Pvt Ltd; Bangalore based Syngene International Ltd, a subsidiary of Biocon Ltd specialising in custom research and manufacturing with multi disciplinary skills in drug discovery and development.
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