United Economic Forum (UEF) Chamber of Commerce and World Islamic Economic Forum (WIEF) are targeting to attract 1 per cent of all sovereign wealth fund investments - amounting to $33 billion - into Tamil Nadu. This comes at a time when the Tamil Nadu Infrastructure Fund (TNIF) declared its first close with a total fund raising of $350 million. Speaking at the opening ceremony of the WIEF-UEF Chennai Roundtable 2018, Tamil Nadu deputy chief minister O Panneerselvam said that they (UEF and WIEF) have set a target of attracting one per cent of all sovereign wealth fund investments into Tamil Nadu. Such investments will immensely benefit the state and the society at large. He said if any state is ready to receive ground investments of such a large volume, it is Tamil Nadu. The state government has already identified over 200 infrastructure projects requiring an investment of around $250 billion. The deputy chief minister said Tamil Nadu has institutional structures that can receive ...
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