For the first time, as many as 27 global sovereign wealth and pension funds and institutions from Canada, the US, Europe, West Asia, and Southeast Asian nations would participate in a meeting, to be chaired by Prime Minister Narendra Modi, to work out how best to provide long-term finance for India's crucial infrastructure and public projects. 

To be held on the inaugural day of Vibrant Gujarat Global Summit at Mahatma Mandir in Gandhinagar, the roundtable meeting will discuss and focus on investment potentials of some ambitious projects such as smart cities, mass transport and public utility in India.

Chief Secretary of Gujarat J N Singh said such a congregation of global sovereign wealth funds is the first for India. He said the meet is being organized by the Union Ministry of Finance and Government of Gujarat.

The 27 funds include top names such as IFC, Pacific Investment Management Company, Vanguard from the US, Roadis (Spain), Avi Alliance (Germany), Government Pension Investment Fund (Japan) Asian Infrastructure Investment Bank (China) and Canada's British Columbia Investment Management Corporation, Public Sector Pension Investment Board and Ontario Municipal Employees Retirement System besides others.

Last year, at St Petersburg International Economic Forum (SPIEF), Russian President Vladimir Putin had interacted with captains of these funds managing trillions of dollars worth of funds.