Recognised as one of the Stars of Asia by Business Week International, Venu Srinivasan, the chairman and managing director of TVS Motor Company, was on Thursday presented with a special plaque by former US President Bill Clinton at a CEO forum in Hong Kong, the company said in Bangalore.
Out of Asia's 25 top achievers who were recognised as Star of Asia 2002, Srinivasan was the only Indian manufacturer.
Srinivasan was quoted as saying he was proud that an Indian company was winning laurels amidst competition in the same segment from international business houses.
"It speaks volumes of our diligent and dedicated workforce at TVS Motor Company who have worked hard even under trying circumstances to keep the company in the forefront of our business," he said.
Business Week said, "for more than a decade, Srinivasan worked hard to revive his company, which manufactured motorcycles and scooters in a joint venture with Suzuki Motor Corporation."
"By 2001, TVS Motor Company had become strong enough to split with Suzuki on favourable terms and start manufacturing on its own," it said.