UEF and WIEF eye $33 bn sovereign wealth fund investments for Tamil Nadu

Tamil Nadu Infrastructure Fund made its first close of $350 million

United Economic Forum (UEF) Chamber of Commerce and World Islamic Economic Forum (WIEF) aim to attract 1 per cent of all sovereign wealth fund Investments into Tamil Nadu. This would amount to $33 billion. This comes after Tamil Nadu Infrastructure Fund declared its first close with a total fund of $350 million.  

Speaking at the opening ceremony of the WIEF-UEF Chennai Roundtable 2018, Tamil Nadu's Deputy Chief Minister O Panneerselvam said Tamil Nadu is ready to receive such a big volume of investments. He added the state has already identified over 200 infrastructure projects that require investments worth around $250