Narayana Murthy Receives TiE Entrepreneurship Award

Mumbai, Maharashtra, India

At the concluding day of TiE Entrepreneurial Summit 2006, some of the most successful entrepreneurs of India came together on a common platform to share strategies for building a vibrant India. Mr Narayanan Murthy, Chairman of the Board of Infosys Technologies Ltd was awarded the lifetime TiE Entrepreneurship Award for his contribution towards the Indian economy and for his exemplary business acumen.

In the opening session of the day on 'Building India,' Mr Nandan Nilekani, CEO & MD, Infosys Technologies Ltd emphasized the need for providing appropriate education facilities to foster economic growth. He also mentioned that infrastructure is the pressing issue which directly affects employee productivity. A serious effort by public-private partnership can solve this issue.

Ms Naina Lal Kidwai, CEO, HSBC India and country head, HSBC Group Companies in India, presented her views on building India. She said, "In order to cultivate true entrepreneurship we need to set up educational institutions that will build strong and willful individuals. Ms Kidwai also pointed out that women should be encouraged to participate in entrepreneurial activities.

While giving advice to the upcoming entrepreneurs, Mr Narayanan Murthy said, "We are living at a time where there are limitless opportunities for entrepreneurs. So, entrepreneurs will have to come out with simple powerful ideas that have market potential; put together a good team, embrace good value systems and work hard and smart."

Mr. Apurv Bagri, Chairman, TiE Global said "With our unrivalled ecosystem we are delighted to be able to highlight India's success in entrepreneurship in TiE Entrepreneurial Summit 2006. In partnership with leading Indian business powerhouses this three-day event showcased all that TiE has to offer to Indian budding entrepreneurs."

During the session on Global Face of Indian Entrepreneurship, Mr. Nish Kotecha, founder of Sphere Partners, London-based financial advisory firm said, "If you succeed in India you have a better prospect in the global market. Because of the talent pool, India has the ability to churn successfully."

In the closing remarks Mr Sridar Iyengar, President TiE Global mentioned that the presence of 1300 delegates at the summit indicates the celebration of the spirit of Indian Entrepreneurship has been a success. It reinforces the statement of TiE Entrepreneurial Summit 2006 that India need not look outside for inspiration but that there are plenty of role models in India itself and they need to be recognised and celebrated.

About TiE Entrepreneurial Summit 2006

The TiE Entrepreneurial Summit is a celebration of the spirit of Indian Entrepreneurship. We intend TiE Entrepreneurial Summit to be a showcase of the Indian entrepreneurship spirit across domains, scale and geographies across India. We are therefore bringing together a diverse group of India based entrepreneurs and intrapreneurs from business, arts, social development, rural, women, students, small, large etc. to inspire the participants and act as role models.

About TiE

The Indus Entrepreneurs (TiE) is a global not-for-profit organization focused on nurturing entrepreneurship. TiE helps budding entrepreneurs by way of advice, guidance and assistance from successful & experienced entrepreneurs and professionals. It is the catalyst that enables entrepreneurs to learn from each other, leading to greater business success and help in influencing their mindsets to better approach various entrepreneurial challenges and opportunities. TiE's greatest strength is its network through 45 chapters across 10 countries that is a rich resource pool of the entrepreneurial ecosystem - successful & experienced as well as budding entrepreneurs, venture capital firms, angel investors, service providers, etc. TiE makes continuous efforts to interconnect this network in a way that allows us to deliver real value to all constituents. The organization is committed to building the world's most influential community of entrepreneurs.

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Prafull Sawant, Prana Public Relations, +91 98925 65480 prafull.sawant@pranapr.com

Source: TiE (The Indus Entrepreneurs) (Business Wire India)

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