The Institute of Economic Studies, New Delhi, one of the country's premier research institutes, has conferred the ‘Udyog Rattan Award' on Mr. Katsumi Nihei Managing Director, JUKI India Pvt. Ltd. and the Award for Excellence to ‘JUKI India Pvt. LTd. The Udyog Rattan Award and Award for Excellence is conferred by the Institute of Economic Studies every year. IES (www.iesindia.com) was established in 1980 by a group of economists, parliamentarians and industrialists who came together to study and discuss problems concerning various aspects of the economy and economic development of India and offer their expert advice and services.