The event at Zabeel Park is anticipated to attract 40,000 people and will showcase the diversity of Indian culture
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Here are the winners and losers from Britain's EU membership referendum, after the country voted to leave the 28-member alliance.
DAVID CAMERON
There was widespread agreement among experts before the referendum that the prime minister, who put his integrity on the line for a "Remain" vote, could not survive losing.
He promised to call the vote in 2013 on the basis of reforms that he ultimately secured in February this year, and used the power of his Conservative government to warn of the economic risks of leaving the EU.
In a letter to the prime minister released after polls closed on Thursday, 84 leading Brexit campaigners including former London mayor Boris Johnson, tipped as a likely successor, urged Cameron to stay on.
"We believe whatever the British people decide, you have both a mandate and a duty to continue leading the nation implementing our 2015 manifesto," they wrote.
Cameron's continued presence in Downing Street may be required as a stabilising force as financial markets slumped on news of the referendum results, but many believe a leadership contest is now inevitable.
GEORGE OSBORNE
A political and personal ally of Cameron, Osborne stood by his side during the campaign and fronted many of the warnings of the economic risks of a Brexit.
Although long tipped as a future Conservative leader, his fervent support for "Remain", including calling his rivals "economically illiterate" for backing the "Leave" campaign, has lost him many friends in the party.
The Daily Telegraph dubbed him the "kamikaze chancellor" after he warned in the final days that a "Leave" vote would force him to rip up his current budgetary plans, slash funding to schools and hospitals and raise taxes.
JEREMY CORBYN
The socialist leader of the main opposition Labour Party was criticised for his lukewarm support for the "Remain" campaign and he is likely to be blamed for the decision by swathes of Labour voters to back a Brexit.
BORIS JOHNSON
His charisma and unorthodox approach to politics won over many voters, and ensured he was always in the headlines - not always for the right reasons.
The Conservative lawmaker was widely criticised for claiming that the EU was behaving like Hitler in trying to create a superstate.
But he has long been the bookmakers' favourite to replace Cameron. Critics accused him of having his eye on Downing Street more than getting Britain out of the EU.
NIGEL FARAGE
The vote to leave the European Union is a culmination of 25 years of campaigning for the leader of the UK Independence Party (UKIP).
A surge in support for Farage's anti-immigration, anti-establishment party helped force Cameron into calling the referendum three years ago.
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