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Why in the News?
Prime Minister Narendra Modi will participate in the first-ever I2U2 Virtual Summit.About I2U2:
- I2U2 stand for: The new grouping will be called “I2U2” — “I” for India and Israel and “U” for the US and UAE.
- Origin: It was conceptualized during the meeting of the foreign ministers of the four countries held on 18 October 2021.
- Aimed at: I2U2 is aimed to encourage joint investments in six mutually identified areas such as
- Water
- Energy
- Transportation
- Space
- Health and
- Food security.
- It intends to mobilise private sector capital and expertise to help modernise infrastructure, low carbon development pathways for our industries, improve public health, and promote the development of critical emerging and green technologies.
