I2U2 keen on food security crisis, clean energy
PM Modi, US President Biden, Israeli PM Yair Lapid and UAE President Zayed Al Nahyan on Thursday held first virtual summit of 4-nation group; UAE to invest $2 bn in food parks across India under framework
image for illustrative purpose
New Delhi: The United Arab Emirates (UAE) will invest $2 billion to develop a series of integrated food parks across India under the framework of the four-nation grouping 'I2U2'.
The decision was announced after the leaders of the grouping -- Prime Minister Narendra Modi, US President Joe Biden, Israeli Prime Minister Yair Lapid and UAE President Mohammed bin Zayed Al Nahyan -- held the first virtual summit.
A joint statement said the I2U2 leaders' meeting focused on food security crisis and clean energy and that they discussed innovative ways to ensure longer-term, more diversified food production and food delivery systems. The grouping is known as 'I2U2' with 'I' standing for India and Israel and 'U' for the US and the UAE.
On the project relating to food parks, the statement said India will provide appropriate land.
