Coinciding with the visit of South African President Jacob G Zuma, a new India-South Africa CEO forum will be launched on June 3 with Ratan Tata heading the Indian side.
Zuma will be in India on a state visit from June 2 to 4 with a delegation comprising 100 South African CEOs and eight Cabinet ministers.
Executive chairman of African Rainbow Minerals Patrice Motsepe would be heading the South African side of the CEO's forum, industry sources said.
Though members of the forum have not been announced, Cipla chairman Yusuf K Hamied, Axis Bank chairman P J Nayak, Dabur India vice-chairman Amit Burman and Ficci vice-president Harsh Mariwala are likely to represent the Indian delegation, they said.
Commerce and Industry Minister Anand Sharma would be calling on Zuma on June 3 in Mumbai, an official release said in New Delhi.
The value of trade between the two countries is around $11 billion.