ICICI Bank Business banking presented CNBC-TV18 ‘Emerging India Awards London-2008’ which created a global mark, with it’s theme ‘Think Global Go Global’, India’s biggest initiative for Small and Medium Enterprises Sector. The Emerging India Awards London- 2008 felicitation ceremony for the winning SMEs were held on July 8, 2008 in London where the Honorable Chief Guest Mr. L N Mittal, Chairman and CEO, Mittal Steel, Mr. Kamath, Chairman-ICICI Bank felicitated the winners.

The CNBC-TV18 ‘Emerging India Awards’ initiative aimed at recognizing the most sustainable Value Creators among SMEs in the country. It is estimated that SMEs account for almost 90% of industrial units in India, 40% of value addition in the manufacturing sector and contribute 35% to India’s merchandise exports. CNBC-TV18 ‘Emerging India Awards London 2008’ provided a platform that enhances the visibility of these integral players in India’s economic growth story. Travel and Tourism was one of the categories amongst the sixteen in which Pride Group of Hotels won the award from the total 200 participants. Three lakh SMEs participated pan India for these awards.

Feeling elated and speaking on the occasion after receiving the award trophy. Mr. S. P. Jain said, that,” Receiving this prestigious award from Mr. Kamath, a successful banker; really feels good and makes one feel appreciated. At Pride our philosophy has always been to provide the best to our customers, this combined with the hard work and effort of my team has bought us this recognition that we received today. He further added that, Pride has come a long way, we started with one hotel in the year 1999 and now we have 6 operating hotels and five projects under construction and by the year 2010 we will have 11 operating hotels.

The Pride Group has a chain of hotels in Nagpur, Pune, Chennai and Ahmedabad. The Pride Hotel now offers total 501 rooms in Nagpur, Ahmedabad, Pune and Chennai and post expansion it will offer 1126 rooms in the 5 star categories. Currently The Pride Hotels has 15 food outlets which include restaurants, coffee shops and bars and 21 banquet halls and conference rooms in their properties.

The Pride Group of Hotels is planning to manage biznotels in cities like Hyderabad, Chandigarh, and Kochi. It has also tied-up for managing an up market resort in Mahabaleshwar and Hotel and Spa in Jaipur build in the Rajasthani haveli style. The Group has already acquired land in Mumbai for a five star hotel and at Alibaug and Goa for a resort and Spa.

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