New Delhi, May 18 (IANS) Nine Indian companies are among the 53 winners of the global retail chain Wal-Mart’s ‘international supplier of the year award’ for 2006, it was announced Friday.
Among them, Welspun won the trophy for sustainability – a new initiative of the US giant for taking environment protection to new levels, besides adhering to the general requirements of quality and on-time delivery.
The other eight companies are Leela Scottish Lace, The Richa Group, J.J. Mills and Kaytee Corp, all for apparel, Elegant for diamond jewellery and Abhishek Industries, Abhitex and J.V.S. for towels and home textiles.
In the fifth year of the awards, around 100 suppliers globally were nominated of which 53 suppliers were ultimately recognised, a press release said.
“The award is based on the performance of companies on a number of parameters like quality of goods, on-time delivery, ethical standards compliance, business growth, price performance and adherence to Wal-Mart’s philosophy and beliefs.”