Jindal, who conceived the idea of monumental flagpoles, said he is, "inspired by Rahul Gandhi's idea to hoist our National flag near the Paliament.
The concept of monumental flagpoles was conceived and introduced by the founder of the Flag Foundation Naveen Jindal in 2009.
"The flag would be sufficiently illuminated that would enable it to be left flying from dusk to dawn. India now has the largest number of monumental flags in the world," Jindal said while hoisting the 46th monumental flag.
Other guests present on the occasion included Chairman of New Delhi Municipal Corporation, Jalaj Shrivastava.
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The event, which witnessed the attendance of a large number of Delhi citizens, started with the recital of the National song 'Vande Mataram' followed by the National Anthem.
The first monumental flagpole measuring 207 feet was installed at Kaithal in Haryana. Ever since, the foundation has installed flagpoles at 12 such places in the country.