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Mukesh Ambani to co-chair WEF

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

india Updated: Jan 24, 2006 15:40 IST

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.

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).

First Published: Jan 23, 2006 12:01 IST