Ratan Tata, leading industrialist and ex-chairman of the Tata group, has been nominated as member of the board of trustees at Carnegie Endowment for International Peace (CEIP), a foreign-policy think tank based in Washington, US.
According to a media release, Ratan has been invited to join the board to help bolster the growth of Carnegie, besides helping in establishing its new South Asia Centre in India's New Delhi capital.
Carnegie President, Jessica T Mathews, expressed hope that Ratan's presence at Carnegie would develop the group into a "the truly global think tank." She added that the group is honoured to have Tata join the board.
Carneige is impressed with Ratan who according to them is well-versed on the global economy. During the time when Ratan Tata was the chairman of the Tata group, its revenue grew over $100bn annually.
"We are extremely proud to welcome Ratan to our board of trustees," Harvey V Fineberg, chairman of the board, said in a statement.
"Ratan has an unparalleled knowledge of the global economy, as well as the business sector in one of the world's most important emerging economies. He has enormous experience managing large organisations, and I know he will be a tremendous asset for Carnegie."
Ratan is also member of the Prime Minister's Council on Trade and Industry and is chairman of the largest private sector promoted philanthropic trusts in India.
He served as chairman of Tata Sons, the holding company of Tata group for 11 years, before stepping down last year. He was also chairman of other prime units in the Tata group, such as Tata Steel, Tata Consultancy Services, Tata Power and so on.
Established in 1910, CEIP has different research centres in Moscow, Beijing, Beirut and Brussels. It also has a program in Almaty, Kazakhastan.