Modi addresses meet with US, UAE, Israel

July 14, 2022 16:37

India, Israel, UAE, US convened for the first leaders' meeting of the I2U2 Group with a particular focus on joint investments and new initiatives in water, energy, transportation, space, health, and food security to mobilize private sector capital.

"Under the I2U2 framework, we've agreed on increasing the joint investment in six important areas of water, energy, transport, space, health & food security. It is clear that the vision and agenda of I2U2 are progressive and practical," Modi says.

"From this very first summit, I2U2 has established a positive agenda. We have identified joint projects in various sectors and prepared a roadmap to go ahead," Modi added.

The PM said that mobilising mutual strength, capital, expertise and markets, we can speed up our agenda and make important contributions to the global economy. Amid increasing global uncertainty, our cooperative framework is also a good model for practical cooperation.

US President Joe Biden spoke earlier saying, "The challenges we face today include accelerating climate crisis or growing food insecurity, volatile energy markets made worse by Russia's brutal and unprovoked attack against Ukraine. Right now there is a vacuum, over the next 3 years, this group is going to work to identify new infrastructure projects that we can invest in and develop together...We can do a great deal if we stick together."

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