PM Narendra Modi to participate in summit with Joe Biden, others

New Delhi, July 12

Prime Minister Narendra Modi will virtually participate in the first I2U2 Summit, along with Israel PM Yair Lapid, UAE President Mohammed bin Zayed Al Nahyan and US President Joe Biden on July 14, said an MEA release.

The I2U2 Grouping was conceptualised during the meeting of the foreign ministers of the four countries held on October 18, 2021. Each country also has Sherpa-level interactions regularly to discuss the possible areas of cooperation.

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 the infrastructure, lower 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 our respective regions and beyond. These projects can serve as a model for economic cooperation and offer opportunities for our businesspersons and workers.