The ceremony at the global headquarters of the International Society for Krishna Consciousness, is expected to be attended by 25,000 people, including dignitaries, monks, devotees, pilgrims and tourists, an ISKCON statement said.
The edifice, the construction of which began in 2009, will be India's "largest Vedic temple in modern history", the statement said.
Alfred Ford, the great grandson of US auto giant Henry Ford and disciple of Srila Prabhupad, has been actively involved in the project from its initial days.
The stainless steel chakras are made by a Russian firm with 24 carat gold plating on them.
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