Trade and economic issues, including visa and impediments hampering investments, are likely to figure in their respective addresses.
The ‘Make In India’ campaign and the ease of doing business will also be the focus of the meeting, reports said.
Reliance Industries Chairman Mukesh Ambani, Bharti Enterprises chief Sunil Mittal, ICICI Bank Managing Director and CEO Chanda Kochhar, Reliance Group Chairman Anil Ambani, and other Indian CEOs are expected to be present on the occasion.
Trade between India and the US rose five-fold from $ 12 billion in 2001-02 to $ 62 billion in 2014-15. President Obama, in his statement on sunday had expressed hope that the trade between the two countries will cross $ 100 bn soon.
Indian companies expect a big push to the nuclear energy sector after the announcement of an agreement on commercial cooperation with the US on Sunday.
The two countries had signed a landmark civilian nuclear deal in 2008 during the visit of then US President George Bush but it was stuck due to a dispute over India’s liability law.