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Mukesh Ambani and Gautam Adani in Modi’s Japan team

Mukesh Ambani, Gautam Adani and 15 other leading industrialists will be part of the delegation with Prime Minister Narendra Modi on his first major bilateral visit, outside the sub-continent, to Japan this week.

The industrialists will take part in a bilateral meeting under the aegis of India-Japan Business Leaders' Forum (IJBLF) on September 1 which would be co-chaired by Chairman of Bharat Forge Baba Kalyani, sources said.

The meeting, coinciding with Prime Minister Modi's visit, assumes high importance as the two countries are trying to forge a strong multifaceted strategic partnership with economic relations as a crucial component. Bilateral trade between the two reached $18.61 billion in 2012-13.

Sources said that Modi keen on meeting his counterpart Shinzo Abe whose leadership he deeply respects and sees the visit as an opportunity to take ties with Japan to a new level and increase cooperation in various fields.

To leverage the ever-growing trade and investment between the two countries and for greater co-operation between their businesses, the India-Japan Business Leaders’ Forum was constituted with prominent business leaders from India as its members.

The forum has been re-constituted recently and Modi re-nominated Kalyani as the co-chair of the forum from the Indian side. The delegation also includes Bharti Enterprises Chairman Sunil Bharti Mittal, Essar Group Chairman Shashi Ruia, Wipro Chairman Azim Premji and Maruti Suzuki Chairman R C Bhargava.

Two prominent women in the delegation will include Kiran Mazumbar-Shaw of Biocon and Chanda Kochhar of ICICI Bank are also on the list.

OIL India Ltd (OIL) CMD Sunil K Srivasatava and his counterpart in ONGC Dinesh K Sarraf would also be part of the delegation. The members of the delegation are expected to reach Tokyo by afternoon of August 31.

Earlier this week Gautam Adani announced plans to invest $2 billion to build a 2,500 megawatt power plant in Odisha, which would raise group capacity by a quarter.
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