In his new role as an elder statesman, Ratan Tata’s next steps lead him to the international stage. The board of trustees at Carnegie Endowment, a network of policy research centres, has inducted the former Tata group chairman into their group.
The think tank, which is over a century old, has 26 prominent people from the world of business and academia on its board. They include former UN secretary general Kofi Annan, Citigroup global banking head Raymond McGuire and the presidents of Princeton University and the Massuchusetts Institute of Technology. The only other Indian trustee is Bharti group Chairman Sunil Mittal.
Carnegie President Jessica Mathews says the institute is establishing a South Asia Centre in New Delhi. The mission is to advance the cause of peace through analysis and development of fresh policy ideas as well as direct engagement and collaboration with decision makers in government, business, and civil society. Tata is expected to help with this. It has been a year since the other venerable US non-profit organisation Brookings set up shop in India. Former Shell India chief Vikram Mehta heads Brookings India. Former deputy governor of the RBI Subir Gokarn is director of research.