CII Institute of Logistics & India Value Fund Institute Supply Chain Management Awards at Logistics Summit 2007

Company News

Mumbai, 24 July

Confederation of Indian Industry (CII) and India Value Fund (IVF) announced that they would be institutionalising a ‘Supply Chain Award’ Programme from this year onwards following the 6th Edition of “Logistics Summit 2007”– Powering growth through Logistics Innovation & Integration to be held in September 2007 in Chennai.

The award programme will encompass Indian organizations that use logistics services as well as those that provide them. It also includes service providers who have helped companies improve supply chain processes. These companies should be registered in the country and operating for at least three years.

Mr. H.R. Srinivasan, Chairman-CII Logistics Summit 2007, said, “The Logistics Industry contributes significantly to the Indian GDP, but is still not as well recognized as compared to other sectors such as IT or manufacturing. Logistics Summit 2007 aims to bring all the stakeholders into one arena to discuss several relevant issues and to come up with a road map for the future of this industry. Through these awards, we hope to promote awareness of this sector as well as increase the level of competition and quality of service provided among the companies.”

He added, “Although the Logistics Summit has been held for several years now, the supply chain awards have been put in place for the first time this year to showcase innovation in supply chain management and establish a public platform for its recognition. IVF’s support is a manifestation of the success of our strategic focus in creating awareness and raising issues in the logistics industry. This validates the steady growth and acceptance from top organizations by participating in Logistics Summits over last few editions.”

Mr. George Thomas, Partner, India Value Fund said, “Innovations in supply chain management have helped organizations deliver compelling value to stakeholders across industries. These awards are an attempt to recognize and promote these innovations. We want to ensure that logistics best practices are brought out into the open so as to prompt further development within the industry. .”

He added, “IVF is pleased to join hands with CII in instituting this award, which I feel, is an important step forward in building the future of the industry. This initiative is an extension of IVF supporting industry events. This award, I am sure, will sustain and further enhance the interest created by Logistics Summit 2007 in the logistics industry.”

While improving efficiency and effectiveness of Indian logistics is the focus of the Logistics Summit 2007, the institutionalising of these awards by IVF and CII will help to further encourage those organisations that have already achieved a high level of inventiveness and quality.

These awards will be sponsored by India Value Fund. The steering committee will accept nominations until the 15th of August, 2007, after which the final nominations will be announced on 1st September, 2007. The finalists will be asked to make a presentation at the CII Logistics conference 2007, where the winners will be determined. Application forms can be downloaded from www.ciilogistics.com.

Logistics Summit 2007 would be addressed by Global leaders in Supply chain, thought leaders in strategy, practicing managers would share the emerging trends & challenges that impact supply chain. More than 400 delegates, largely comprising of CEO’s, Supply Chain Heads, and Strategic Decision Makers across all verticals of Logistics and Supply Chain would participate at this biennial event, Logistics Summit 2007.

Belgium is the partner country for this event, which has a team of comprising of 30 delegates from Logistics, Manufacturing and other Verticals, will be actively participating in the two day conference.

India Value Fund is a premier private equity investment fund. It has a corpus of US$ 600 million (Rupees (‘Rs’) 27 billion) committed by high quality Indian and international institutional investors and family offices. IVF makes available financial and intellectual capital to growing middle-market companies in India.

IVF investments include a diverse range of industries such as healthcare, retailing, outsourced services, media & entertainment, and precision engineering.

For further information please contact:

Priyanka Vieira

Mobile: +91 9820737751

pvieira@corvoshandiwck.co.in

Neha Chokhani

Mobile: +91 9820133487

nehac@corvoshandwick.co.in