OREANDA-NEWS. April 28, 2011. Tata Steel won `The 3rd Annual Intellectual Property  Awards’ for having the highest number of patents granted to an Indian owned  private company in the last five years. Tata Steel registered 103 patents in  the period of five years.  The Awards  included a citation, a memento and a cash prize of Rs 1 lakh.  The award has been instituted to recognize  the ‘Indian innovation’ in the different sectors, reported the press-centre of Tata Steel.

Tata Steel’s Chief Resident Executive in New Delhi, Mr. Chanakya  Choudhary, received the award from the Union Minister for Commerce and Industry,  Mr. Anand Sharma at a function held in New Delhi. After receiving the awards he  said that “Tata Steel is delighted to receive this prestigious award. This  recognition will give immense encouragement to carry on the good work.”

The various categories under which the awards were given  were –

Highest  number of Patents Granted to an Individual in the last five years

The Highest  Number of Patents Granted to an Indian Owned Private Company in the last five  years

The  Highest Number of Patents Granted to a Public Sector Undertaking in the last  five years,

The  Highest number of Patents Granted to an Educational Institution or University  in the last five years

The  Highest number of Design Registrations in the last five years.

GE  India Innovation Award for most innovative initiative in the country.  

Speaking on the occasion of the World Intellectual  Property Day, Union Minister of Commerce Mr. Anand Sharma urged the industry  and institutions to invest in human resources and innovation. The minister also  said that the bright minds should put larger interest ahead of monetary  incentives.  

Others present on the occasion included Prof. Samir K  Brahmachari Director General CSIR & Secretary, Department of Scientific and  Industrial Research, Government of India and Mr. P. H. Kurien Controller  General Patents, Designs and Trademarks, Govt. of India.

About Tata Steel
Established in 1907 as Asia's first integrated private  sector steel company, Tata Steel Group is among the top-ten global steel  companies with an annual crude steel capacity of over 28 million tonnes per  annum (mtpa). It is now the world's second-most geographically-diversified steel  producer, with operations in 26 countries and a commercial presence in over 50  countries. The Tata Steel Group, with a turnover of USD 23 billion in FY 10,  has over 80,000 employees across five continents and is a Fortune 500 company.  The Group’s vision is to be the world’s steel industry benchmark in “Value  Creation” and “Corporate Citizenship” through the excellence of its people, its  innovative approach and overall conduct. Underpinning this vision is a  performance culture committed to aspiration targets, safety and social  responsibility, continuous improvement, openness and transparency. In 2008,  Tata Steel India became the first integrated steel plant in the world, outside  Japan, to be awarded the Deming Application Prize 2008 for excellence in Total  Quality Management.