Kiran Mazumdar-Shaw Awarded the Global Economy Prize

Kiel Institute’s 2014 Global Economy Prize
Kiel Institute’s 2014 Global Economy Prize

Ms. Kiran Mazumdar-Shaw, managing director of Biocon Ltd., a leading biopharmaceutical company, has been awarded the Kiel Institute’s ‘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 award, established in 2005 by the Kiel Institute, is bestowed upon individuals who find solutions to global economic problems by influencing and implementing economic or trade systems based on individual initiative and responsibility.

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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: Madam Ellen Johnson-Sirleaf, President of Liberia

Economic Sciences: Prof Richard H. Thaler, the University of Chicago

Business: Kiran Mazumdar-Shaw of Biocon, India

Sigmar Gabriel, German Vice Chancellor and Minister for Economic affairs, delivered a keynote address at the ceremony, which was attended by people from politics, academia, business and civil society.

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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).

In the picture above: (From Right) Biocon Chairperson Kiran Mazumdar-Shaw, Liberian President Ellen Johnson-Sirleaf and American economist Richard H. Thaler received the Kiel Institute’s 2014 Global Economy Prize at a ceremony in Kiel, Germany on Sunday, June 22.

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Rakesh Raman