Bangalore: The Indo-German Chamber of Commerce Awards (IGCC) are given every year for outstanding corporate achievements. Over 102 companies have applied for the awards in 2002.

The following are the categories included in the IGCC:

I. Award for Outstanding Achievement in Indo-German Economic Relations:

Sam Ghosh, managing director of Bajaj Allianz General Insurance Company Limited, Pune. Bajaj Alliance General Insurance Company Limited, ranked number 1 among the private insurance companies today, has been one of the leading investors in India during the post liberalisation period. The JVs created close to 500 jobs within the first year of operation and has insured more than 6 lakh customers in a period of 16 months.

Ramesh Dhar, Chief Operating Officer, Motherson Sumi Systems Limited, with a technical collaboration with WOCO Franz Joseph Wolf & Co, was set up primarily to fulfill the export commitments of Mercedes Benz India Ltd. Having started its first commercial production in a record time of seven months since its inception in November 1997, the company’s exports to Germany increased 8 per cent to Rs 314.2 million in 2001.

II. Award for Outstanding Export Performance by an Indo-German Joint Venture

Anil R Laud, managing director of Siemens Information Systems Ltd., Mumbai. Siemens Information Systems Ltd’s exports of software services increased an impressive 65 per cent in the year 2001 to Rs 1775 million, this despite the difficult global environment with respect to Information Technology. Exports contributed to 80 per cent of the total turnover.

A N Sinha, managing director International Ferrites Limited, Kolkata, with 78 per cent of its turnover generated through exports, International Ferrites Limited registered exports sales worth Rs 522 million in 2001. Apart from this, the company, which deals in soft ferrites, has won several other awards for excellence and outstanding achievements.