The chief guest at the ceremony was Dr Raghuram Rajan, Governor of the Reserve Bank of India and the guest of honour, H. E. Michael Steiner, German Ambassador to India.

Since 1976, the Indo-German Chamber of Commerce has instituted annual awards to recognise members who substantially contribute to the development of Indo-German trade and cooperation. The applications are evaluated based on the performance of the individual companies with regards to turnover increase, exports etc. in comparison to the previous year. This award does not only cover exports to the Federal Republic of Germany but also to any other country in the world.