Tamil Nadu aims to attract $33 bn from sovereign and sharia-compliant funds

This comes at a time when the Tamil Nadu Infrastructure Fund declared its first close with a total fund-raising of $350 million

United Economic Forum (UEF) Chamber of Commerce and World Islamic Economic Forum (WIEF) are targeting to attract one 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