Finance Minister Nirmala Sitharaman among world's 100 most powerful women: Forbes
New York, Dec 13: Finance Minister Nirmala Sitharaman, HCL Corporation CEO and Executive Director Roshni Nadar Malhotra and Biocon Founder Kiran Mazumdar-Shaw have been named among the world's 100 most powerful women by Forbes.
The Forbes 2019 list of The World's 100 Most Powerful Women' has been topped by German Chancellor Angela Merkel, followed by President of the European Central Bank Christine Lagarde in the second spot and Speaker of the US House of Representatives Nancy Pelosi, ranked third. Also on the list is Bangladesh Prime Minister Sheikh Hasina (29).
In 2019, women around the globe took action, claiming leadership positions in government, business, philanthropy and media. These trailblazers are not to be messed with, Forbes said.
Sitharaman, a newcomer on the Forbes most powerful women list, is ranked 34th. India's first female finance minister, Sitharaman has also served as the country's defence minister.
Sitharaman is the first female to hold the portfolio full time. Before this, former prime minister Indira Gandhi briefly took the additional charge of the ministry.
Nadar Malhotra is ranked 54th on the list. As CEO of HCL Corporation, she is responsible for all strategic decisions for the USD 8.9 billion technology company.
Malhotra is also the chairperson of the company's CSR Committee and is a trustee of the Shiv Nadar Foundation, which is focused on education and has established some of India's top colleges and schools, Forbes said.
Mazumdar-Shaw, ranked 65 on the list, is India's richest self-made woman and founder of the country's largest biopharmaceutical firm Biocon in 1978.
Biocon has successfully forayed into the lucrative US biosimilars market, catching the attention of investors and it also became the first company to gain approval from the USFDA for two different biosimilars of drugs used in certain cancer treatments.
Mazumdar-Shaw has invested in research infrastructure and scientific talent with the aim of building a deep R&D-based biotech firm, not a copycat generics maker, Forbes said.
The Forbes list also includes Co-Chair of the Bill & Melinda Gates Foundation Melinda Gates (6), IBM CEO Ginni Rometty (9), Facebook COO Sheryl Sandberg (18), New Zealand Prime Minister Jacinda Ardern (38), First Daughter and Advisor to President Donald Trump Ivanka Trump (42), singers Rihanna (61), Beyonce (66) and Taylor Swift (71), tennis star Serena Williams (81) and teenage climate activist Greta Thunberg (100).
Referring to Pelosi's recent "Don't mess with me remark to a reporter, Forbes said that could be the mantra for just about every one of the Forbes 100 Most Powerful Women.
"The top-ranked woman for the ninth year in a row, German Chancellor Angela Merkel, is crusading against anti-immigrant sentiment in Europe; Taylor Swift is battling industry stalwarts and private equity firms over musician song-ownership rights; and 16-year-old environmental activist Greta Thunberg one of 23 newcomers to the list is fighting inaction on climate change and galvanizing millions of young people around the globe."
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Nirmala Sitharaman inaugurates Gems and Jewellery Institute campus in Udupi
Udupi (Karnataka) (PTI): Union Finance Minister Nirmala Sitharaman on Tuesday inaugurated the premises of the Indian Institute of Gems and Jewellery here, praising the centre for providing professional training and promoting entrepreneurship among youth.
Speaking at the event, Sitharaman said the centre, established in 2016 with support from the Gems and Jewellery Export Promotion Council and the district administration, has grown steadily despite disruptions during the Covid-19 pandemic.
“We started in a very small place, unsure of the response. Today, advanced facilities including CAD and 3D printing are available, enabling students to gain industry-relevant skills,” she said.
Sitharaman highlighted the centre’s reach across Karnataka and beyond.
“Students have come from Karwar, Chitradurga, Raichur, and Tamil Nadu. Some had no prior experience but are now running successful jewellery businesses,” she said, citing examples of trainees who returned to their hometowns to start enterprises.
Emphasising affordability, she noted, “Training abroad is expensive, but here the Indian Institute of Gems and Jewellery offers professional courses at accessible costs, making skill development widely available.”
The minister also underlined the centre’s contribution to India’s jewellery export sector.
“This region, from Ratnagiri to Kerala, has a rich jewellery tradition serving the Indian diaspora. Skilled manpower from such centres strengthens our exports and creates livelihood opportunities,” she said.
Sitharaman commended the collaboration between the government, GJEPC, and local jewellers, noting that around 600 students were trained last year.
She urged greater awareness to attract more youth to the institute, describing it as a model public-private partnership that fosters entrepreneurship and skill development.
The minister also witnessed the signing of an MoU between the Indian Institute of Gems & Jewellery and IIT Madras under the InCent LGD platform for a specialised, industry-oriented certification programme in lab-grown diamond technologies.
The office of the minister said in a post on X that the programme will help bridge critical skill gaps, create job-ready professionals, boost value-added manufacturing, and strengthen India’s position in the global LGD (lab-grown diamond) value chain, aligned with Make in India, Skill India, and the goal of a self-reliant, globally competitive LGD ecosystem.
It further said that the Rs 242 crore grant announced in the Union Budget 2023–24 for lab-grown diamond research at IIT Madras is helping build a world-class ecosystem.
Under the InCent initiative, India’s first indigenously designed scaled prototype of a High Pressure High Temperature (HPHT) LGD machine has been developed and installed at IIT Madras, while imported commercial HPHT machines have also been installed for benchmarking.
Sitharaman also witnessed a demonstration of the ‘Design to Manufacturing’ process by students at IIGJ Udupi and interacted with trainees of the institute and entrepreneurs from the gems and jewellery industry, the minister’s office said in another post.
