CHIEF GUEST: SHRI RANGARAJAN, HON’BLE GOVERNOR OF RESERVE BANK OF INDIA
The 26th CITD All India Industrial Promotion Awards – 1997-98 marked a truly remarkable celebration of innovation, entrepreneurship, and national pride. This special edition, titled the Independence Gaurav Awards, carried historic significance as it coincided with India’s commemoration of 50 years of independence.

Organized by CITD India, the event sought to honor and recognize visionary entrepreneurs, MSMEs, and organizations that had made outstanding contributions to India’s industrial development and economic self-reliance. By celebrating these achievements, the awards underlined the spirit of resilience and progress that defined the nation’s industrial journey since independence.
The ceremony was graced by the distinguished presence of Shri Rangarajan, Hon’ble Governor of the Reserve Bank of India, who attended as the Chief Guest. His presence lent immense prestige to the occasion, symbolizing the vital connection between industrial growth and the country’s financial stability. His leadership in guiding India’s monetary and economic policies further elevated the significance of the event.
Organized by CITD India, the event sought to honor and recognize visionary entrepreneurs, MSMEs, and organizations that had made outstanding contributions to India’s industrial development and economic self-reliance. By celebrating these achievements, the awards underlined the spirit of resilience and progress that defined the nation’s industrial journey since independence.


















The ceremony was graced by the distinguished presence of Shri Rangarajan, Hon’ble Governor of the Reserve Bank of India, who attended as the Chief Guest. His presence lent immense prestige to the occasion, symbolizing the vital connection between industrial growth and the country’s financial stability. His leadership in guiding India’s monetary and economic policies further elevated the significance of the event.
In his address, Shri Rangarajan highlighted the crucial role of industry in building a strong and sustainable economy. He emphasized the synergy between financial systems, entrepreneurship, and industrial innovation, stressing that India’s economic future rested on the combined strength of these pillars. His words inspired entrepreneurs and leaders present, motivating them to continue their journey of growth and innovation.
The Independence Gaurav Awards were more than just recognitions—they stood as a tribute to five decades of determination, enterprise, and achievement. The honorees represented diverse sectors, yet all shared a common spirit of shaping India’s future with innovation, integrity, and impact.
The atmosphere of the event was filled with a sense of national pride and accomplishment. Dignitaries, industry leaders, and policymakers gathered to celebrate the transformative contributions of those who had played a key role in strengthening the nation’s industrial foundation. The awards not only applauded the past but also reaffirmed a commitment to the vision of a self-reliant and globally competitive India.
For CITD India, the 26th edition of the awards was a defining milestone in its journey of promoting industrial excellence. It was a moment to look back at the nation’s achievements over 50 years of independence, while also envisioning the road ahead for sustained progress and prosperity.
The 1997-98 Independence Gaurav Awards remain etched in memory as a landmark celebration of India’s industrial and economic spirit—honoring those who continue to shape the nation’s destiny with courage, creativity, and vision.