New Delhi: Prime Minister Narendra Modi will participate in the first Leaders' Summit of I2U2, along with leaders of Israel, UAE, and the US on Thursday virtually. The Leaders will discuss the possible joint projects within the framework of I2U2 and the other common areas of mutual interest to strengthen the economic partnership in trade and investment in their respective regions and beyond. I2U2 is aimed to encourage joint investments in six mutually identified areas such as water, energy, transportation, space, health, and food security.
"Prime Minister Shri Narendra Modi will be participating in an I2U2 Summit, along with Prime Minister of Israel Yair Lapid, President of the UAE Mohammed bin Zayed Al Nahyan and President of the USA Joseph R. Biden," the Ministry of External Affairs (MEA) said in a statement.
It was informed that the I2U2 Grouping was conceptualised during the meeting of the Foreign Ministers of the four countries on October 18 last year.
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"Each country also has Sherpa-level interactions regularly to discuss the possible areas of cooperation," the MEA said.
As previously mentioned, the I2U2 aims to encourage joint investments in six mutually identified areas: water, energy, transportation, space, health, and food security. "It intends to mobilize private sector capital and expertise to help modernize the infrastructure, low carbon development pathways for our industries, improve public health, and promote the development of critical emerging and green technologies," the MEA added.
As per the external affairs ministry, these projects can serve as a model for economic cooperation and offer opportunities for our businesspersons and workers.