Ratan Tata appointed board member of China-backed Boao Forum
Ratan Tata appointed board member of China-backed Boao Forum. For the first time a senior Indian business leader inducted as a member of the Board of Boao Forum for Asia (BFA), an uncommon distinction for an Indian in the Chinese government-backed influential body.
Ratan Tata’s nomination to the board of the BFA is considered as part of China’s attempts to push closer ties with India. Tata is the most successful Indian business group in China. TCS, Range Rover SUV (manufactured by TATA-owned Jaguar Land Rover) are a big hit in China.
Boao Forum for Asia (BFA)
A non-governmental and non-profit international organization with a fixed conference date and a fixed domicile. BFA was officially introduced on February 27, 2001. Since 2002, BFA has been having its yearly conference at Boao, Hainan Province, China which now serves as the permanent site of BFA Headquarters. Each year world’s Top political and business leaders gather at Boao to brain storm on global political and economic issues.
- FICCI (Federation of Indian Chambers of Commerce) is an ordinary member of the Boao Forum.
Why Boao Forum for Asia (BFA) is important?
BFA has now turned into a high-end platform for dialogues between leaders of national governments, industrial and business circles, and academicians of nations in Asia and other continents about the significant subject matters in Asia and even the whole world. BFA is dedicated to pushing Asian countries to accomplish common development via further integration of regional economy. Via its working web with the political, business, and academic circles, BFA will attend to the ever-rising economic cooperation amidst its members and within its members and other entities.
- To base itself on Asia and encourage and deepen the economic exchange, coordination, and cooperation within Asia and between Asia and other parts of the world.
- To offer a high-end dialog platform for governments, enterprises, experts, and scholars to collectively talk about economy, society, and environment and other pertinent subject matters.