Business tycoon Osamu Suzuki honoured with Padma Vibhushan posthumously

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Business tycoon Osamu Suzuki honoured with Padma Vibhushan posthumously - Business Standard

Quick Summary:

Suzuki, who took a risk and bet on India when no one else believed in having a viable automobile company in India, has been awarded the 'Padma Vibhushan' for the year 2025 "for exceptional and distinguished service" in the field of trade and industry.

In 1981, Suzuki took the risk of partnering with the then Indian government to form a joint venture Maruti Udyog Ltd, at a time when India was still a closed economy under license regime.

Late Japanese industrialist Osamu Suzuki, the former chief of Suzuki Motor Corporation, has been honoured with India's second highest civilian award, Padma Vibhushan posthumously.