Tata to get CIF Chanchlani Global Indian Award

Ratan Tata, India's top industrialist and chairman of the Tata Group, has been selected for the '2010 CIF Chanchlani Global Indian Award' for his outstanding global leadership, vision and professional excellence.

The award, announced by Canada India Foundation on Tuesday, carries $225,000 (Rs 1 crore approximately) and citation.

"The award would be presented to Tata at the annual Award Gala of Canada India Foundation to be held in Vancouver on May 15," Barj Dhahan, gala chair and co-chair of Canada India Foundation said.

Tata joined the Tata Group, India's largest business conglomerate, in 1962 and replaced his predecessor J R D Tata as chairman of Tata Sons in 1991. Since then, the group's revenues have increased 12-fold.

The group has acquired Jaguar & Land Rover from Ford Motor Company and Corus Group, an Anglo-Dutch steel producer under Tata's guidance.

Tata has been honoured with India's second-highest civilian award, Padma Vibhushan, in 2008.

His dream of manufacturing a low-cost and environmentally friendly car that more people in India could afford to drive was realised last year when Nano, also known as 'the People's Car' with a cost of $2,500, went into production and has since received world-wide acclaim.