The Maharashtra Government has decided to institute a Ratan Tata Udyog Ratna Award for the best performance in the industrial sector. The government also decided to name the Udyog Bhavan at Mumbai’s Nariman Point after Ratan Tata. The information was given by Industry Minister Uday Samant to the media. The award in the name of Ratan Tata will be given from the next year.
The Maharashtra Government had honoured Ratan Tata by conferring Maharashtra’s Udyogratna Award on July 23, 2023. The award was introduced to encourage youth and women entrepreneurs. The same award will now be called Ratan Tata Udyog Ratna Award.
A huge Udyog Bhavan is being constructed at Nariman Point by the State Government through the Maharashtra Industries Development Corporation (MIDC). The decision to name it as Ratan Tata Udyog Bhavan was taken during the cabinet meeting on Thursday, Samat said.