Mukesh Ambani to co-chair WEF

Reliance Industries' chairman is the youngest Indian to have been nominated to this position.

Chairman and Managing Director of Reliance Industries Ltd Mukesh Ambani has been nominated as the co-chair at the World Economic Forum (WEF) for its annual summit beginning on January 25.

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Ambani is the youngest Indian business leader to have been nominated to this position, a release issued by RIL.

Ambani will be sharing the honours with Peter Brbeck-Letmathe, Chairman and Chief Executive Officer, Nestle SA, Sir Mrtin Sorrell, Group Chief Executive, WPP Plc, Ms Ana P Botin, Chairman Banco Espanol de Credito and Lawrence H Summers, President, Harvard University.

WEF has recognised importance of India and special theme is planned for the three days titled "India everywhere".

RIL is India's largest private sector with a turnover of 73,164 crore ($16.7 billion) and with a cash profit of 12,087 crore ($2.8 billion).