to the industry and the society, Chidambaram said" "Men like Ratan don't retire. They just discover new things to do....I admire Ratan for his passion to make a small car and his passion to make a new airline."
About the award, Godrej, the previous president of CII, said: "The award has been instituted to be given to an eminent industry representative for his overall contribution to the industry and society and also for his global repute.
"As such, the award represents the highest recognition that industry can accord to its members. I am advised by the jury that our first award did not require much brainstorming and that the decision on selecting Tata was unanimous."
Godrej further said that Tata has been awarded for redefining the business model "from individualisation to institutionalisation, from profit to community transformation and sustainability, for setting and converging the highest standards of business probity and ethics and the highest standards of personal morality and character and for innovating constantly."