New York, NY (December 1, 2015) – Time, a Time Inc. brand, announced today the creation of the Time India Awards, a recognition of leadership in Indian manufacturing. McKinsey & Company is the knowledge partner on this project. The Time India Award winners will be announced on February 13, 2016 in Mumbai and will be presented to three leaders in the categories of innovation, entrepreneurship and sustainable manufacturing.

 

Time will release a short list of three finalists in each category at the World Economic Forum in Davos, Switzerland in January. Time will work closely with McKinsey & Company to identify the shortlist, and a panel of elite judges, including global business leaders, will determine the winners.

 

”These are dynamic and challenging times for every economy and India is responding proactively and progressively,” said Norman Pearlstine, Chief Content Officer, Time Inc., who will present the awards in February. “We are pleased to be working with McKinsey to identify the people and companies that are changing the Indian economy, which is the fastest growing in the world, from the inside out.”

 

“The Indian economy is likely to be a bright spot of growth on the global firmament in the coming decade,” said Rajat Dhawan, senior director at McKinsey & Company in India. “Manufacturing in India has the potential to power this growth, and in the process transform millions of lives. We are delighted to partner with Time in this seminal initiative to recognize the spirit of innovation, excellence and entrepreneurship in Indian manufacturing.”

 

Time is a global multimedia brand with an audience of more than 100 million worldwide, including its U.S and international magazine editions, Time.com, social media and Time for Kids.

 

During the past couple of months, Time Inc. has been extending the scope and activities of its brands globally. It recently announced the international expansion of the highly acclaimed Essence Festival franchise, launching a three-year partnership with eThekwini Municipality to host the Essence Festival in Durban, South Africa. Time Inc. also announced the launch of a US bespoke edition of Wallpaper.

 

 

 About Time Inc. 

Time Inc. (NYSE:TIME) is one of the world’s leading media companies, with a monthly global print audience of over 120 million and worldwide digital properties that attract more than 140 million visitors each month, including over 60 websites. Our influential brands include People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune and Food & Wine, as well as more than 50 diverse titles in the United Kingdom such as Decanter, Horse & Hound and Wallpaper*. Time Inc. is home to celebrated franchises and events including the Fortune 500, Time 100, People’s Sexiest Man Alive, Sports Illustrated’s Sportsman of the Year, the Food & Wine Classic in Aspen, the Essence Festival and the biennial Fortune Global Forum. Hundreds of thousands of people attend our events every year. We have been extending the power of our brands through various investments and acquisitions, including the formation of Sports Illustrated Play, a new company devoted to youth and amateur sports, and the acquisition of inVNT, a company that specializes in live media. We also provide content marketing, targeted local print and digital advertising programs, branded book publishing and marketing and support services, including subscription sales services for magazines and other products, retail distribution and marketing services and customer service and fulfillment services, for ourselves and third-party clients, including other magazine publishers.

 

 About McKinsey & Company In India 

McKinsey & Company is a management-consulting firm that helps leading corporations make distinctive, lasting and substantial improvements in their performance. Over the past eight decades, the Firm’s primary objective has remained constant: to serve as an organization’s most trusted external advisor on critical issues facing senior management. With consultants deployed from over 106 geographic offices in 61 countries, McKinsey advises companies on strategic, operational, organizational and technological issues.

 

For more information, please visit: www.mckinsey.com/Global_Locations/Asia/India.

 

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Time Inc.

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McKinsey & Company

 

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