Prime Minister Manmohan Singh has convened a meeting of top corporate leaders and leading industry associations in New Delhi on Monday to discuss the impact of the global meltdown, subsequent financial crises and measures to help India absorb the shocks with the least possible damage.
The meeting will be attended by Ratan Tata, Mukesh Ambani, Anil Ambani, Sunil Mittal and Deepak Parikh among others. The Presidents of CII, FICCI and Assocham, K.V. Kamath, Rajeev Chandrasekhar and Sajjan Jindal, respectively will also participate in the meeting.
The meeting comes in the wake of several measures by the government to ease the liquidity crunch and a fortnight before global leaders are scheduled to discuss regulations to avert speculative build ups in financial systems.
Before the Washington meeting to be attended by Dr. Singh, Union Finance Minister P. Chidambaram will meet his G-20 counterparts at Sao Paulo on November 8.