The Maharashtra government has decided to confer the first 'Udyog Ratna' award on veteran industrialist and chairman emeritus of Tata Sons, Ratan Tata.
Following the tradition of the Maharashtra Bhushan Award, which is the highest state honor presented to distinguished individuals, the Maharashtra government has taken the decision to introduce the prestigious Udyog Ratna Award starting this year.
Tata will be the inaugural recipient of this award.
The Maharashtra Udyog Ratna awards are aimed at recognising the efforts of individuals and organisations who have made an immense contribution to the fields of business, industry, education, real estate, tourism, financial services, fashion, electronics, agriculture, banking, IT, foods, healthcare, and more in Maharashtra.
Alongside numerous other accolades bestowed upon him during his illustrious career, Ratan Tata has also been honored with two of India's most prestigious civilian awards: the Padma Vibhushan in 2008 and the Padma Bhushan in 2000.
