Anugerah Kecemerlangan Industri (AKI) or the Industry Excellence Award was first introduced in 1991 by the Ministry of Investment, Trade and Industry (MITI). The award is an effort by the Government to recognise companies that have demonstrated excellence in their management practices, the quality of their products and services, and their continuous provision of greater value to their stakeholders. Over the years, the award went through numerous restructurings and the current structure of this award is a biennial event with refined categories and added benefits.