The Ministry of External Affairs said in a release on Tuesday that the Prime Minister Narendra Modi On July 14, I2U2’s first leaders’ summit will be attended by Israeli Prime Minister Yair Lapid, along with UAE President Mohamed bin Zayed Al Nahyan and US President Joe Biden.
I2U2 stands for I2 – India And Israel and U2 – UAE and US.
PM Modi will discuss promoting joint investments in six sectors that are of common concern to Israel and the United Arab Emirates as well as the US. The heads of state will discuss investments in water, energy, transport, space, health and food security.
“Prime Minister Shri Narendra Modi will participate in the I2U2 summit, which will be attended by Yair Lapid, Prime Minister of Israel, Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, and Joseph R. Biden, President of the USA,” the statement from the Ministry of External Affairs said.
This is the first time the I2U2 group has met at foreign ministerial level since its conception last October.
India is seeking to use the meeting to mobilize private sector capital and expertise to help modernize its infrastructure, develop technologies that will lead to lower carbon emissions in Indian industries, and key emerging and green technologies. development will be encouraged.
India sees the summit as a model for economic cooperation that brings opportunities to India’s workers and businessmen, the release said.
“Leaders will discuss possible joint projects within the framework of I2U2, as well as other common areas of mutual interest, to strengthen economic partnership in trade and investment in our respective regions and beyond. These projects are a model for economic cooperation. and provide opportunities for our businessmen and workers,” the statement said.
However, the US will use this summit to revive its image as a global leader. Many experts believe that the I2U2 is like the West Asian quad. The US also plans to use the summit to present itself as a proponent of growth and development in the region.
It also aims to prevent China from expanding its influence in a region where the US has historically provided security and defense assistance. It also seeks to promote Israel’s acceptability among its Gulf neighbors building on the Abrahamic Agreement.
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