Jerusalem: Indian Industrialist and former Chairman of Tata Group, Ratan Tata is going to be honoured with the "Global Visionary of Sustainable Business and Peace" Award by the Indo-Israel Chambers of Commerce. The 82-year-old master industrialist and philanthropist will receive the award for his contributions towards "promoting innovation that supports sustainability and peace" mainly in the countries of India and Israel. Officials of the institution have further revealed that the Award Ceremony will be held in a virtual function marking the launch of the Federation of Indo-Israel Chamber of Commerce's international Chapter in Dubai on December 21.
"Tata has done a lot for India-Israel ties. He has generously contributed towards promoting innovation that supports sustainability and has been a promoter of peace in the region, including with the Palestinians. He has visited Israel a few times which has been extremely beneficial in promoting ties between the two countries. He very well deserves this honour," Raviv Byron, President of Israel-India Chamber of Commerce on Friday.
A recipient of two of India's highest civilian awards - Padma Vibhushan and Padma Bhushan, Ratan Naval Tata is acclaimed widely for supporting businesses and agreements that have promoted industrial and agronomic advancements in Israel. During his visit to Israel in 2013, he had signed an agreement with Israel Aerospace Industry (IAI) to jointly develop, manufacture and support a wide range of defence and aerospace products including missiles, UAVs, radars, electronic warfare systems and homeland security systems. Investing money in millions in the Tel Aviv University's Technology Innovation Momentum Fund, Ratan Tata and his Group act as the lead investors and decision-makers when it comes to agreements on areas that have been defined as start-up fields like automotive, point of care for medical devices, cleantech, etc.
Born in Bombay in 1937, the Chairman Emeritus had acquired his education from America's Cornell University College of Architecture and Harvard Business School. Tata who is also actively involved in acts of philanthropy, is widely known to be a supporter of of education, medicine and rural development in India as well as globally.
Reportedly, Tata's award ceremony on 21st December will be attended by senior officials of the Chambers from Israel, India and UAE.