He's the first Indian to be awarded and honoured with the award.
The award ceremony was followed by the screening of Raavanan at the end of which over 600 delegates gave a standing ovation which lasted for 5 minutes.
Other than Mani Ratnam, his wife Suhasini and actor Vikram attended the event. The other stars of the movie, Abhishek Bachchan and his wife Aishwarya Rai could not make it.
Raavanan and Raavan will also be a part of the PUSAN International Film Festival in October 2010.
Showcasing Raavan in Venice
Watch out for Ash, Freida Pinto in Venice
Raama Raavanan fails to deliver
Ash, Abhishek promote Raavan
Hits continue to evade Bollywood as Raavan flops