Ernst & Young has announced that Ratan Tata, chairman of the Tata group and winner of the India Entrepreneur of the Year Award 2003, will be inducted into the prestigious Ernst & Young World Entrepreneur Of the Year (WEOY) Academy on May 29 in Monte Carlo, Monaco (Europe). Entrepreneur Of The Year award winners from 31 countries are gathering in Monaco for the fourth annual World Entrepreneur Of The Year Awards. They represent the best from as many as 10,000 nominations received worldwide.