Prime Minister Narendra Modi participated in the first virtual I2U2 Summit. The I2U2 is a four-nation grouping, where “I” stands for India and Israel, and “U” for the US and the UAE. PM Modi was joined by United States President Joe Biden, Israeli PM Yair Lapid and UAE President Mohammed bin Zayed Al Nahyan.
Key points of the I2U2 Summit:
- The main focus of the virtual meeting was on the food security crisis and clean energy.
- The United Arab Emirates (UAE) also announced an investment of USD 2 billion to develop a series of integrated food parks across India to help tackle food insecurity in South Asia and the Middle East.
- This I2U2 grouping was conceptualised during the meeting of the foreign ministers of the four countries held on October 18 2021. I2U2 will bring together countries, governments and the private sector to tackle challenges.
- India will provide “appropriate land” for “food parks” across the country that will be built in collaboration with Israel, the United States and the United Arab Emirates.
- The I2U2 Group also declared that it will support a “hybrid renewable energy project” in Gujarat, consisting of 300 megawatts (MW) of wind and solar capacity. The project is expected to be another step in India’s quest for “500 GW of non-fossil fuel capacity by 2030”.