Ghosh's new book is the final in his historical fiction Ibis trilogy, scheduled to release in India in May this year.
"The reading will be followed by a conversation on the book and an interaction with the audience," publishers said in a statement.
The author's "Sea of Poppies," the first book in the Ibis trilogy was shortlisted for the 2008 Booker Prize.
The 58-year-old author has written 10 highly acclaimed works of fiction and non-fiction, which include "The Glass Palace" and "The Shadow Lines."
Apart from Ghosh other prominent names like Ruskin Bond, Ram Jethmalani, Shobhaa De, Gulzar, Aarya Babbar, T N Ninan, Mihir Sharma, Raghav Bahl, Shashi Tharoor are lined up to attend the festival.
Gurcharan Das, Sushir Kakar, Arshia Sattar, Ravinder Singh, Durjoy Datta, Sudeep Nagarkar, Jaggi Vasudev-Sadhguru are the other notable participants.
The open air library, a spacious layout in a quiet corner away from the bustle of crowds, features a complete range of Penguin Random House India titles, from landmark fiction and non-fiction titles first published over a decade ago to the latest bestsellers and cutting-edge books.
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