India Inc to be part of G20 business summit at Cannes

NEW DELHI: India Inc will join global industry leaders who will be holding business summit at Cannes in France, along with the political leadership of world's 20 most influential economies from Thursday.

The Indian industry delegation will be led by CII President and Tata Steel Vice Chairman B Muthuraman.

Infosys CEO and Managing Director S Gopalakrishnan would also be part of the delegation.

The two Indian honchos will meet France President Nicolas Sarkozy tomorrow, according to a CII release here.

They are part of the 'B20' which is a group of top global business leaders who have been holding meetings as part of the G20 Summits.

Prime Minister Manmohan Singh is leaving for Cannes tomorrow to attend the summit where India is expected to press against trade protectionism at a time when the world economy is facing a slowdown.

At the B20 meeting, Muthuraman will co-chair a Working Group on Financial Regulation which is expected to be one of the pre-occupations of the political summit.

"Due to additional risks at this stage, the G20 would need to address economic, social and environmental impact of earlier financial reforms as well as risk of fragmented markets," CII said.

The presidents of the business confederations of the B20 countries and 120 CEOs of global companies would work on concrete recommendations to be presented to the G20 leaders, it said.

Meanwhile, Mahindra Group Vice-Chairman and Managing Director Anand Mahindra would also address the G20 Young Entrepreneurs Summit (YES) hosted by Sarkozy at Nice, France, tomorrow.