Back in the 1960s, Harvard Business School help set up and design what is now India’s finest graduate management school, the Indian Institute of Management in Ahmedabad, or IIM-A. About 50 years later, HBS opened up a research center for faculty and students in Mumbai. Earlier this year, HBS appointed an Indian-born dean (Nitin Nohria), who subsequently went to India to deliver a terrific speech on the future of India’s growth story in the global economy. A few weeks ago, Harvard University tapped star HBS professor Tarun Khanna to takeover the school’s South Asia Initiative, which was a great move. This is all part of a larger trend of American schools getting closer and closer with their Indian counterparts, which I’ve tracked here. And, today, Harvard Business School announced that it will receive a US$50M gift from The Tata Group (Chairman Ratan Tata graduated from HBS’ APM program decades ago). There’s not much more to analyze other than that it’s no longer a trend — it’s happening, it’s happening now, and it’s happening fast.