#I2U2Summit : The First Meeting Today, Prime Minister Narendra Modi To Join Virtually ; Economic Cooperation On The Agenda

Picture : Twitter/ ANI

Prime Minister Narendra Modi will join US President Joe Biden, Israeli PM Yair Lapid and UAE President Mohammed bin Zayed Al Nahyan at the first virtual summit of the four-nation grouping ‘I2U2’ on Thursday.

As per report by PTI, The leaders are expected to discuss joint economic projects to bolster economic cooperation under the framework of the coalition. The grouping is known as ‘I2U2’ with “I” standing for India and Israel and “U” for the US and the UAE.

MEA spokesperson Arindam Bagchi tweeted about the virtual summit

I2U2 is aimed to encourage joint investments in six mutually identified areas such as water, energy, transportation, space, health, and food security.

The virtual summit is likely to begin around 4 pm. “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,” the Ministry of External Affairs (MEA) said on Tuesday.

The I2U2 grouping was conceptualised during the meeting of the foreign ministers of the four countries held on October 18 last year.

India’s bilateral strategic ties with each of the three countries are on an upswing in the last few years. “Each country also has Sherpa-level interactions regularly to discuss the possible areas of cooperation,” the MEA said.