Mumbai: Reliance Industries Ltd (RIL) chairman Mukesh Ambani and Boeing chief James W McNerney will receive the United States-India Business Council (USIBC) leadership award for ''Global Vision'' 2007.

US secretary of state Condoleezza Rice will also be honoured with the USIBC distinguished service award.

The awards will be given on 27 June, during the concluding session of a two-day USIBC 32nd anniversary summit at the US Chambers of Commerce in Washington, a statement from Washington said.

Rice will deliver the keynote speech on ''Uniting Two Great Democracies for the 21st Century'' at the event to be attended by Indian commerce minister Kamal Nath and US trade representative Susan Schwabe, a statement from USIBC said.

Ambani, who heads the Reliance conglomerate that has interests in oil exploration, refining, retail, textile, petrochemicals and SEZs, is expected to meet top US officials, including Rice, at the event and hold discussions on a range of issues such as outsourcing and energy security.

The Washington-headquartered USIBC, a premier advocacy organisation, promotes economic reforms to deepen trade relations and broaden commercial ties between the two countries.

"USIBC formulates an annual work plan that targets specific issues important to its 250 member-companies, compiled from progress on-the-ground and to devise strategies and prepare representations to advance sector-specific reforms in India," council president Somers said in the statement.

USIBC partners with premier Indian business organisations like the Confederation of Indian Industry (CII), the Federation of Indian Chambers of Commerce and Industry (FICCI), the American Chamber of Commerce in India (AmCham India), National Association of Software and Service Companies (NASSCOM), The Indus Entrepreneurs (TiE), and the Indo-American Chamber of Commerce (IACC).