Everybody in the government is bemused about S
Jaishankar, former Foreign Secretary who had also served as India’s Ambassador
to China and then USA, being roped in by Tata Sons as its new President, Global
Corporate Affairs. Jaishankar, a 1977 batch Indian Foreign Service officer,
will report to N Chandrasekaran, executive chairman of Tata Sons. His
remunerations and associated perks are not known as yet, but as the former IFS
has not completed a year of his retirement - he retired on January 28 this year
- he needed to take special permission from the government to join a private
entity. Generally, a retired civil servant can join outside the government only
two years after retirement. Given the clout Jaishankar enjoys in South Block,
getting permission would not have been an issue. One, why was the rule waived
off. Two, why is Jaishankar so desperate to join the Tatas. Insiders reveal
that Jaishanker was certain after observing the present setup in the Prime
Minister’s Office that he will not be awarded any post retirement plump
posting. Tata Sons Executive Chairman Chandrasekaran said that Jaishankar’s
extensive experience and knowledge on international affairs would be highly
valuable to the group as “we work to reinforce our brand and leadership
globally”, according to a statement issued by the salt-to-software
conglomerate. Here is what Jaishankar had to say: “The Tata group is an iconic
institution known for its value-based leadership as well as India’s most
respected brand globally. I look forward to being part of the Tata group and
working with key stakeholders to make an impact.” The former Cabinet Secretary
KM Chandrasekhar has also joined the Tatas as Director.
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