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This story is from April 28, 2006
Fapcci takes flak for disputed awards
The annual awards of the Fapcci are drawing flak with some of the awardees this year allegedly having questionable credentials.
Fapcci, one of the oldest trade bodies in the state, has been giving awards to companies in 20 categories ranging from IT to industrial productivity since 1974.
Of the 19 awards being given for 2004-05, the best new product innovation award instituted by MRF has turned out to be controversial.
The awards committee decided to give it to Secunderabad-based Prathista Industries for developing bio-potash. However, another city-based company, Sai Papain Ltd, has slapped a notice on Fapcci, alleging that there was no such thing as bio-potash, the nomenclature being "is nothing but a commercial gimmick."The company has also pointed to pending police cases filed against Prathista managing director K V S S Sai Ram.
"The cases are not our concern. The federation is satisfied about the Prathista���s credentials and its product bio-potash,"Fapcci awards committee chairman Koteshwar Rao S S R said.
Similarly, Fapcci decided to give Asmitha Microfin the award for outstanding contribution to the welfare of socially/economically/physically challenged destitute women, instituted by the Omprakash Tibrewala Foundation.
Sources said there was disagreement within the awards committee over selecting a microfinance company at a time when such firms are involved in a controversy over stringent recovery practices. Rao is unfazed.
"There was no controversy over MFIs when we called for entries three months ago,"he says in defence of the award to Asmitha. However, Fapcci members are worried about the fallout of the award.
"We should be worried about how MFIs are likely to make use of the award and the photographs taken with the chief minister at the award presentation,"a senior member said.
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