Surat based STPL has received the prestigious 'Industrial Innovation Award' given by the esteemed Institute of Indian Industry, CII. The award was recently conferred to STPL at a function organized at Delhi. STPL has received this award for its innovative and robotic technology.
Country's top 26 companies are given this award by CII for their contribution to the technology and innovative inventions, leading the nation to the growth of the industry. Innovations that make Indian industries more prosperous by automation are selected and honored under various categories for the Industrial Innovation Awards.
STPL is the only company to get this award in the Diamond Industry, which is a matter of pride for Gujarat. STPL develops innovative solutions for the diamond industry, helping the industry increase its production in less time and reduce the number of human errors. These innovations also reduce the dependence on human efforts, increasing precision and quality of the products, eventually benefitting the diamond industry, the society and the country as a whole.
According to the CII, the technology developed by the STPL has seen a huge increase of up to 15 per cent in the current growth of the entire diamond industry. According to CII, STPL's technology is a smart technology developed keeping in mind the needs and challenges of the diamond industry, which is a basic need for the development of the global diamond industry. According to the CII report, the artificial intelligence-based technology developed by the STPL is very essential for the self-reliance and consistent growth of the diamond industry.
The Chairman and CEO of STPL accepted this award in a grand ceremony organized at Delhi, on October 24, 2017.
Dhirajlal Kotadia, Chairman, STPL, said, "We have always strived and aimed at enhancing the industrial growth of India through the best use of technology. It is really heartening to see that our efforts and innovative technology research are benefitting the industry, our society and the nation. We are also very proud about the fact that our innovations are increasingly being recognized and honored at the national and global level. From the very beginning, we are focusing on automation, giving the diamond industry a high-quality technologydeveloped in India. In the coming days, when India is going to become an economic superpower, we are equipped and ready to revolutionize technology and automation in the world diamond industry."
Rahul Gaywala, CEO of STPL, said, "Industrial Innovation Award by CII is another honorable landmark of Innovative and Path-Breaking Technology contribution we have made for India, especially in the diamond industry. At STPL, we are constantly striving for innovative inventions in and we are proud to pursue the approach of Make in India and to pursue it faithfully. At STPL, we have always focused on innovation, exceeding the needs of the diamond industry and will continue to do so."
STPL has been honored with prestigious global awards such as 'Good Design' and 'Vision System Design' and 'India Design Mark Award' from Japan and USA for its world class Innovation, Design and Automation Excellence.