Onkar S Kanwar, Chairman, Apollo Tyres Ltd, was recently honoured by the governments of Japan and Hungary for his contributions to strengthening India’s economic relations with these two countries.
The Government of Japan, in its 2018 Autumn Imperial Decorations, conferred upon Kanwar the Order of the Rising Sun, Gold and Silver Star. He received this recognition for his contributions towards strengthening the economic relations between Japan and India, and for promoting Japanese companies’ entry into the Indian market.
Commenting on receiving the honour, Onkar S Kanwar, Chairman, Apollo Tyres Ltd said, “I would like to thank the Government of Japan for bestowing me with this Order. I am truly honoured to receive it. I would also like to thank the Indian Government, especially, the Federation of Indian Chambers of Commerce and Industry (FICCI) for giving me this opportunity to work towards boosting trade ties between India and Japan.”
Onkar S Kanwar has served as the Chairman of FICCI India – Japan Business Cooperation Committee since 2005. Kanwar actively participated in the discussions that led to the conclusion of the Japan-India Comprehensive Economic Partnership Agreement (CEPA). Through the convening of regular joint meetings on business cooperation with the Japan Chamber of Commerce and Industry (JCCI), Kanwar has tremendously contributed towards attracting Japanese private investments into India.
As Chairman of Apollo Tyres Ltd, Kanwar has supported the entry of Japanese automotive industries into the Indian market, and their market expansion by supplying compatible quality tyres to Japanese manufacturers. Under his leadership, Apollo Tyres has also introduced Total Quality Management (TQM) and other Japanese philosophies within the organisation.
Hungary’s `Order of Merit’
Meanwhile, Onkar S Kanwar was awarded with the Officers Cross (Civilian Division) of the ‘Order of Merit’ of Hungary. This award was conferred upon Kanwar in recognition of his work towards strengthening Hungarian-Indian economic relations through the company’s investment in Hungary, thereby helping create new jobs in Hungary.
This decoration was first awarded by the President of the Republic of Hungary, Janos Ader, on the recommendation of the Hungarian Prime Minister. H E Gyula Petho, Ambassador of Hungary to India, officially handed over the ‘Order of Merit’ to Onkar S Kanwar in Delhi at a specially hosted reception.
Apollo Tyres has invested Euro 475 million to set-up the greenfield facility in Gyongyoshalasz, Hungary, which manufactures passenger car and commercial vehicle tyres. This facility currently employs 800 people, out of which nearly 95% are locals.
This is Apollo Tyres’ second production facility in Europe, and sixth worldwide. The production capacity continues to be ramped up in this facility, and will reach the planned production levels for Phase I by 2019.