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Last updateTue, 17 Mar 2015 2pm

Ratan Tata joins Board of Trustees of Carnegie Endowment for International Peace

Indian business magnate Ratan Tata has joined the board of trustees of the Carnegie Endowment for International Peace, the non-partisan US think tank.

“We are extremely proud to welcome Ratan to our board of trustees,” Harvey V Fineberg, chairman of the board said in a statement on Wednesday.

“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,” Mr Fineberg said after the announcement.

Finberg expressed hope that having Tata on their Board of Trustees would be an asset for Carnegie in developing it as “the truly global think tank” and would also be helpful in establishing Carnrgie’s new South Asia Centre in New Delhi.

The Carnegie Endowment for International Peace was the brainchild of renowned American industrialist and internationalist Andrew Carnegie who charged its trustees to use the original $10 million endowment in 1910 to "hasten the abolition of international war, the foulest blot on our civilization" by "advancing cooperation between nations". 

It is the oldest think tank in the United States with research centres in Moscow, Beijing, Beirut and Brussells.

Mr Tata's appointment is the latest international honour bestowed on the former chairman of Tata Sons, parent company of the Tata Group which owns, among other assets, Britain's Jaguar Land Rover, Tata Steel and Taj Hotels.

Mr Tata is a member of the Indian Prime Minister's Council on Trade and Industry, the RAND Corporation and sits on the board of trustees of Cornell University.

He is also chairman of the two largest philanthropic organizations in India.

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