Nominations open for CNBC-TV18 & DHL International Trade Awards 2011

The nomination process has begun and will close on May 15, 2011.

May 5, 2011:

Close on heels of its inauguration, the 'International Trade Awards 2011' in its fourth edition now, has opened nominations for the awards. Recognising the efforts of organisations and individuals who have driven India's growth engine in global trade, CNBC-TV18, India's No. 1 business medium in association with DHL, the world's leading Logistics Company established these awards four years ago. Since then the 'International Trade Awards' has become a benchmark and has honored exporters and importers who have taken India to the world stage. This year the awards ceremony is scheduled to be held in June. As a precursor to the awards, the 'International Trade Forum 2010-11' was recently organized in Delhi, which was presided by Shri Jyotiraditya Scindia, Hon. Minister of State for Commerce and Industry.

The Indian import and export industry has contributed significantly to the Indian economy especially by achieving the export target of $200 billion mark for the fiscal year 2010 – 2011. While India's exports were estimated at $235 billion, the imports are expected to reach the $350 billion mark. As a result, the trade deficit is expected to come down to $115 billion from an earlier projection of $135 billion.

This resultant growth in India's export and import industry can be attributed to the government's strategy of encouraging diversification into newer markets of Asia, Africa and Latin America and increasing focus on non-traditional exports to the USA. The government has also proposed measures to boost exports by capitalizing on the engineering and chemical sectors which has a greater demand abroad. Additionally, the government has formulated product strategies that will build on intrinsic strengths of some industries; market diversification; incentivizing research and development; and building a Brand India. This will help the Commerce Ministry to achieve its target of doubling the exports to $450 billion by the fiscal year 2013 – 2014.

Speaking about the awards, Anil Uniyal, CEO, CNBC-TV18 and CNBC AWAAZ said, “We are proud to partner with DHL for the fourth edition of International Trade Awards 2011. The Awards will represent the finest of the International Trading Community and highlight their extraordinary achievements. As we continue to honour and recognize innovation and excellence showcased by the Indian entrepreneurs at a global platform, we feel equally privileged in watching the custodians of 'Brand India' being rewarded for making their mark globally."

Adding further, R.S. Subramanian, Country Head, DHL Express India said, “DHL India is proud to have created this platform to honour the outstanding entrepreneurs who have braved the times, set new benchmarks and brought a lot of credence to the “Made in India” tag. The International Trade Awards 2011 acknowledges all the fore runners on whose resilience we can only be sure that India will sustain its growth momentum. ”

The nomination process has begun and will close on May 15, 2011. To register log on to www.ita.moneycontrol.com or SMS ITA to 51818 or call 1800-103-5311 toll free.

Nomination categories are:

Approach and Methodology

The judging process will include a Quantitative and Qualitative evaluation which will be divided into two rounds:

1. First, entirely quantitative, in terms of share of export, growth rate, financial performance based on audited results etc.
2. Second, presentations to the Jury where qualitative inputs would be taken on strategy, systems along with documentary evidences wherever possible. (In case of large entities, Jury may decide based on publicly available information).

Eligibility criteria

?       Exporters & Trade Houses - Minimum three year track record

?       Emerging exporter award- One to three year track record

?       International Trade House- Minimum three year track record

?       Importers- Anyone who is a substantial importer

Parameters

1. Business Position - For Exporters & Trade Houses
   • Export growth achieved and sustainability
   • Share of exports in the turnover
   • Quality and scope of export strategy
   • Evidence of sustainable competitive advantage
   • Export diversity across countries/regions/clients
   • Extent of value addition in exports
2. Business Position - For Importers
   • Cost Advantage/Value created through imports
   • Sustainability of such cost advantage and source of supply
   • Extent of value addition in imports
3. Financial Position
   • Profitability
   • Capital structure and funding flexibility
   • Coverage
   • Liquidity
   • Cash generation
   • Debt payment track record
4. Management Quality and systems
   • Competence
   • Risk management and control
   • Systems and processes

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