July 14, 2022
2 mins read

I2U2 vision progressive and practical: Modi at first leaders’ summit

In his remarks at the meeting, Modi said that “under the I2U2 framework, we’ve agreed on increasing the joint investment in 6 important areas of water, energy, transport, space, health & food security.”…reports Asian Lite News

While addressing the first I2U2 leaders’ summit virtually, Prime Minister Narendra Modi said that the framework has set a positive agenda and is a good model for practical cooperation in the face of increasing global uncertainties.

Modi highlighted that the West Asia Quad grouping will “make a significant contribution toward energy security, food security and economic growth globally.”

“From this very first summit, I2U2 has established a positive agenda. We have identified joint projects in various sectors and prepared a roadmap to go ahead,” Modi said.

“Our cooperative framework is also a good model for practical cooperation in the face of increasing global uncertainties,” he added.

In his remarks at the meeting, Modi said that “under the I2U2 framework, we’ve agreed on increasing the joint investment in 6 important areas of water, energy, transport, space, health & food security.”

Modi termed the vision and agenda of I2U2 as “progressive and practical.”

The virtual summit of India, Israel, UAE, and the USA dubbed “I2U2” is being projected as the Quad for West Asia. I2U2 is aimed to encourage joint investments in six mutually identified areas such as water, energy, transportation, space, health, and food security.

The I2U2 grouping was conceptualised during the meeting of the Foreign Ministers of the four countries held on October 18 last year. “Each country also has Sherpa-level interactions regularly to discuss the possible areas of cooperation,” the MEA said.

It intends to mobilise private sector capital and expertise to help modernise the infrastructure, and low carbon development pathways for our industries, improve public health and promote the development of critical emerging and green technologies.

The leaders will discuss the possible joint projects within the framework of I2U2 as well as the other common areas of mutual interest to strengthen the economic partnership in trade and investment in respective regions and beyond. (ANI)

I2U2 to propel growth, says Lapid

Israeli Prime Minister Yair Lapid said that the “I2U2” nations have a common vision wherein the four nations want to bring together resources to propel infrastructure development, quality education and environmental conservation.

Speaking at the First Leaders Meeting of the “I2U2” group, Prime Minister Lapid said, “The real solutions will only come through countries that know how to bring together resources. We want to change the world for the better.”

“Our goal is to have the private market as a partner. Despite being four different countries, it is clear that all of us want the same thing including infrastructure development, quality education for children and reducing the damage inflicted on the environment,” he added.

ALSO READ: I2U2 Summit: UAE to invest $2 bn for food parks across India

Previous Story

Jan 6 panel exposes Trump’s lies

Next Story

Ukraine’s First Lady calls for global solidarity against Russia’s aggression

Latest from -Top News

GAZA KILLINGS: War Crime?

Mobile Phone Footage Casts Doubt on Israeli Account of Ambulance Attack in Gaza Newly surfaced mobile phone footage has raised serious questions about the Israeli military’s justification for opening fire on a

Namibia voices concern over US tariffs

AGOA is a non-reciprocal trade arrangement aimed at supporting development in African countries through preferential access to US markets The Namibian government has expressed concern over newly imposed US tariffs, warning that

Uganda, South Sudanese leaders hold talks

Museveni, who is among the guarantors of a 2018 peace agreement that ended a five-year civil war, held closed-door discussions with President Salva Kiir Uganda’s President Yoweri Museveni was expected to meet

Protests across US against Trump

The largest event was at the National Mall in DC, where demonstrators numbered in the tens of thousands People across the US took to the streets on Saturday to oppose what left-leaning

Namibia voices concern over US tariffs

AGOA is a non-reciprocal trade arrangement aimed at supporting development in African countries through preferential access to US markets The Namibian government has expressed concern over newly imposed US tariffs, warning that
Go toTop

Don't Miss

Maldives backs India’s UNSC bid

EAM Jaishankar called on President Ibrahim Mohamed Solih and held

India Targets $1 Trillion Digital Economy

India has become a global example of real-time payments, benefiting