Prime Minister Narendra Modi on Saturday presented the maiden Time India Awards at the inaugural ceremony of the Make in India (MII) Week in Mumbai.

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The Best-in-class manufacturing award was given to Tata Steel, while the innovator of the year award went to Hero MotoCorp and the young makers of the year award went to Yogesh & Rajesh Agarwal of Ajanta Pharma.

The Prime Minister also released report by KPMG which highlights various reforms initiatives taken by the NDA government.

Earlier in the day, Modi launched the largest-ever manufacturing summit MII Week here in the presence of heads of state, a battery of business leaders and foreign delegates.

Over 2,500 international and 8,000 domestic companies are participating in the week-long multi-sectoral industrial event, which is also being attended by foreign government delegations from 68 countries and business teams from 72 nations.