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Indian Tycoons Ambani and Adani Confirmed Guests at G20 Summit Dinner


LAHORE MIRROR — India’s leading business magnates, including rivals Mukesh Ambani and Gautam Adani, will gather alongside G20 leaders at a prestigious dinner event in the capital city on Saturday, showcasing India’s status as the world’s fastest-growing major economy.

Prime Minister Narendra Modi has actively sought to leverage the G20 platform to bolster India’s appeal as a prime destination for trade and investment, especially amid China’s economic deceleration.

Expected attendees at this high-profile gathering in New Delhi include U.S. President Joe Biden, British Prime Minister Rishi Sunak, Saudi Crown Prince Mohammed Bin Salman, Canadian Prime Minister Justin Trudeau, and Japanese Prime Minister Fumio Kishida. Among the 500 distinguished business invitees are N Chandrasekaran, Chairman of Tata Sons, billionaire Kumar Mangalam Birla, and Sunil Mittal, founder-chairman of Bharti Airtel, in addition to Mukesh Ambani of Reliance Industries and Gautam Adani, chairman of the Adani Group.

The closed-door event, described as a unique opportunity to convene India’s elite during the leaders’ summit, is expected to serve as a platform for strengthening India’s position on the global economic stage.

It is noteworthy that Chinese President Xi Jinping and Russian President Vladimir Putin will not be attending the weekend summit.

This gala dinner on Saturday will provide Prime Minister Modi with another occasion to highlight the immense business and investment prospects available in India. The event will be hosted at a state-of-the-art venue shaped like a conch shell, with the menu featuring a special focus on millets, a grain that India has been actively promoting.

Mukesh Ambani and Gautam Adani have long been engaged in intense competition across various sectors, encompassing telecommunications, media, energy, and finance. Both have taken turns as Asia’s wealthiest individuals in recent years. It’s worth noting that Adani’s companies faced scrutiny earlier this year following reports by short seller Hindenburg Research and an investigative outlet, which alleged the use of opaque funds for investing in the company’s own stocks. The Adani Group vehemently denied any wrongdoing.

Reliance Industries, Adani Enterprises, Tata Sons, Bharati Airtel, Aditya Birla Group, and the Indian government did not respond to email inquiries regarding the invitation.

Source: Reuters