Murthy is chairman of Asia Business Council

In yet another recognition to India Inc's growing prowess, Infosys Technologies Ltd founder N R Narayana Murthy takes over as Chairman of the prestigious Asia Business Council.

The Asia Business Council announced key leadership changes at its Spring Forum held in Hong Kong on March 15-17, a press release said in Beijing.

Murthy, who takes over as the chairman of the organisation with immediate effect, promised to take the council to the 'next level.'

"I am pleased to be taking over at the council at this time and am confident that the new team will help us take leadership on important business issues affecting Asia," Murthy said.

Murthy is the chairman and chief mentor of Infosys, one of India's leading technology companies.

Murthy, who had been vice chairman of the council, replaces Stan Shih, the former chairman and CEO of Acer who is now group chairman of iD Softcapital. Shih remains as a council member.

China Merchants Group Ltd chairman Qin Xiao replaces Murthy as vice chairman.

The Editor-in-Chief of Hong Kong's leading newspaper, The South China Morning Post Mark Clifford has joined the council as executive director.

The council conducts research and holds members-only forums on subjects including corporate social responsibility, intellectual property rights, education and human resources.

The Asia Business Council is a not-for-profit group of CEO-level leaders with operations in Asia.