Bangalore, Karnataka, India- Business Wire India
Ms Kiran Mazumdar-Shaw, Chairperson and Managing Director of Biocon Ltd, Asia's
leading Biopharmaceutical Company, has been awarded the Kiel Institute's most
coveted ‘2014 Global Economy Prize' for Business during the 100th anniversary
celebrations of the Institute held in Kiel, Germany on Sunday, June 22.
The Kiel Institute for the World Economy is an international center for research
in global economic affairs, economic policy consulting and economic education.
This prestigious award, established in 2005 by the Kiel Institute, is bestowed
upon individuals who have been pioneers in finding solutions to global economic
problems by strongly influencing and implementing economic or trade systems
based on individual initiative and responsibility.
This annual prize is awarded to three individuals: A high ranking policy maker,
a renowned economist and an outstanding entrepreneur. This year's winners are:
Politics: H.E. Madam Ellen Johnson-Sirleaf, President of Liberia
Economic Sciences: Prof Richard H. Thaler, the University of Chicago
Business: Ms Kiran Mazumdar-Shaw, Chairperson & Managing Director, Biocon, India
Sigmar Gabriel, German Vice Chancellor and Minister for Economic affairs,
delivered a keynote address at the ceremony, which was attended by distinguished
personalities from politics, academia, business and civil society.
Ms Mazumdar-Shaw is the first Indian woman and the fourth Indian to be conferred
this prize. Previous honorees include Amartya Sen, Nobel laureate in Economics
(2007); Baba N. Kalyani, Chairman of the Kalyani Group (2009); and Sunil Bharti
Mittal, Chairman of the Bharti Group (2009).
Accepting the award from Prof. Dennis Snower, President, Kiel Institute for the
World Economy, Ms Mazumdar-Shaw, CMD, Biocon, said, “I am honored to receive
this prestigious award and consider it a great privilege to be in the company of
great economists, world leaders and entrepreneurs. I thank the Kiel Institute
for awarding me with 'The Global Economy Prize 2014'. ”
Ms Mazumdar-Shaw pioneered biotechnology in India and started Biocon as a novel
enzymes company, which has evolved into India's largest biopharmaceutical
enterprise committed to affordable innovation. Biocon has the largest scientific
talent pool in India, and is engaged in path-breaking research to develop novel
and differentiated biopharmaceuticals aimed at reducing the cost of treatment
for cancer, diabetes and autoimmune disorders for patients worldwide.
With this award, Ms Mazumdar-Shaw joins an elite list that includes Gro Harlem
Brundtland, Norway's former Prime Minister; Mary Robinson, former President of
Ireland; Joseph E. Stiglitz, Nobel laureate in Economics; Paul R. Krugman, Nobel
laureate in Economics; Pascal Lamy, former Director General of the World Trade
Organization; Jean-Claude Trichet, former President of the European Central
Bank; and Dietmar Hopp, Founder of SAP.
About the Global Economy Prize:
The Kiel Institute Global Economy Prize is awarded to honor persons who have
been pioneers in finding solutions to global economic problems, who have been
willing to participate in a dialog with people from other walks of life, and who
have championed a society based on individual initiative and responsibility. The
prize is awarded to a high-ranking policymaker, a renowned economist and an
outstanding entrepreneur. The Global Economy Prize is not endowed with prize
About Kiel Institute for the World Economy:
The Kiel Institute is an international centre for research in global economic
affairs, economic policy consulting and economic education. The Institute
engages especially in creating solutions to urgent problems in global economic
affairs. On basis of its research, the Institute advises decision takers in
policy, business and society and informs the broader public about important
developments in international economic policy. In 2013, it was ranked as one of
the top 20 research centres in the world for international trade and one of the
top four think tanks in the world for economic policy.
Photo Caption: (From Right) Biocon Chairperson Kiran Mazumdar-Shaw, Liberian
President Ellen Johnson-Sirleaf and American economist Richard H. Thaler
received the Kiel Institute's most coveted ‘2014 Global Economy Prize' at a
ceremony in Kiel, Germany on Sunday, June 22.
Media Contact Details
Seema Ahuja, Head-Corporate Communications, Biocon Limited, +91-9972317792,
Rumman Ahmed, Manager-Corporate Communications, Biocon Limited, +91-9845104173,
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-0- Jun/23/2014 11:57 GMT
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