Palaniappan Muthusekkar, Managing Director of NORD Drivesystems Pvt Ltd has been conferred with the prestigious Udyog Rattan Award for outstanding performance in the field of industrial development of the country at the Economic Development Seminar organised by the Institute of Economic Studies (IES). NORD, one of the leading companies in motion and drive technology, has also received the Excellence Award from IES.

The Udyog Rattan Award, translated as jewel of the industry award, is conferred annually to Indian citizens for their outstanding contribution to the economic development of the country. The award is conferred by the IES, affiliated with the Government of India and the selection is done by a panel of judges who are usually eminent citizens with economic backgrounds.

“Joining the ranks of other leading Indian industrialists who have received these honors is one of the grateful achievements of NORD. We had to go through many hurdles before it could reach where we are today,” NORD said issuing a statement.

The previous recipients of this prestigious award include R Krishna Bajaj, H S Singhania, Chairman, JK Tyre and Industries, Dr B K Modi, Chairman & President, Modi Group of Industries, eminent dignitaries from social and industrial fields, including S.D. Shibulal (MD – Infosys), Anoop Kumar Mittal (MD – NBCC), Naresh Goyal (Chairman – Jet Airways), Sunita Sharma (MD – LIC Housing Finance), Netmagic, an NTT Communications Company’s MD & CEO Sharad Sanghi.

NORD Drivesystems Pvt Ltd is a 100 per cent subsidiary of Getriebebau Nord (GBN). A world-class facility was established in the year 2005 at Hinjewadi / Pune, Nord offers its customers energy-optimised motors and high efficiency gear units as well as inverters with energy saving functions. Nord India has a production capacity of more than 24,000 units per year and includes mechanical, electrical and electronic products in drivesystems. Client spreads include almost every industry such as steel and metals, infrastructure, cement, packaging, airports, pharma, chemical, pumps, effluent treatment, material handling, robotics, cranes, automobile, dairy, beverage, packaged food, and agriculture. For more detail visit to www.nord.com  or write at india@nord.com