PM Modi’s address at I2U2 Summit: We are ready to invest in 6 sectors; Will work for economic growth globally

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The first virtual meeting of the new group I2U2 of India, Israel, USA and UAE took place today. Addressing this meeting, PM Narendra Modi said that from today’s first summit, I2U2 has established a positive agenda. We have identified joint projects in several areas and have prepared a roadmap to move forward in them.

Member countries have agreed to increase joint investments in six key sectors namely water, energy, transport, health, space and food security under the I2U2 framework. Our cooperative framework is a good model for practical cooperation amidst rising global uncertainties. I am confident that with I2U2 we will make a significant contribution to energy security, food security and economic growth on a global scale.

PM Modi said in the I2U2 Summit meeting that our cooperative framework is a good model of practical cooperation amidst increasing global uncertainties.

PM Modi said in the I2U2 Summit meeting that our cooperative framework is a good model of practical cooperation amidst increasing global uncertainties.

Joe Bizen targeted Russia
Addressing the meeting, US President Joe Biden said that the challenges we are facing today include an increasingly climate crisis or increasing food security. Russia’s attack against Ukraine has made volatile markets even worse.

The US president said Russia's attack against Ukraine has made volatile markets worse.

The US president said Russia’s attack against Ukraine has made volatile markets worse.

Our goal is to partner the private market
Israeli Prime Minister Yair Lapid said that our goal is to make the private market a participant. Despite being 4 different countries it is clear that we all want the same thing which includes infrastructure development, quality education for children and minimizing the damage to the environment

Importance of India in this group
In this group I2 is used for India and Israel, while U2 has been used for the US and UAE. India is also a major producer of hi-tech and most sought after products. Technology, business, environment, COVID and security are areas in which the four countries can work together.

Is I2U2 the Quad of Western Asia?
In October 2021, India-Israel-US-UAE discussed important issues like maritime security, infrastructure, digital infrastructure and transportation. At that time, a major reason for discussion was to build good relations between Israel and the UAE. The UAE ambassador to India then called this new group the ‘Western Quad’.

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