The award was presented to Mr Tata at his home in Mumbai.
The first-ever 'Udyog Ratna' award instituted by the Maharashtra government was conferred on veteran industrialist Ratan Tata today.
The award was presented to the 85-year-old chairman emeritus of Tata Sons by Chief Minister Eknath Shinde and Deputy chief ministers Devendra Fadnavis and Ajit Pawar at the industrialist's home in Colaba, south Mumbai.
The honour comprised a shawl, a citation and a memento from the Maharashtra Industrial Development Corporation (MIDC).
Talking to reporters afterwards, Mr Shinde said honouring Mr Tata as 'Udyog Ratna' has enhanced the prestige of the award.
"The contribution of the Tata group in all sectors is immense. Tata means trust," he said.
The steel-to-salt group operates in more than 100 countries across six continents. In 2021-22, the collective revenue of Tata companies stood at $128 billion.
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