Leaders' Summit of I2U2: Prime Minister Shri Narendra Modi will be participating virtually in the first I2U2 Summit, along with Prime Minister of Israel Yair Lapid, President of the UAE Sheikh Mohamed bin Zayed Al Nahyan and President of the USA Joseph R. Biden.

The meeting will be held on on July 14, 2022

Key Points:

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

• It also intends to mobilize private sector capital and expertise to help modernise the infrastructure, low 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.

Background:

• The I2U2 grouping was conceptualized during the meeting of the Foreign Ministers of the Israel, UAE, US and India held on October 18, 2021.
• Note: I2U2 stands for “I” for India and Israel and “U” for the US and UAE.
• Each country also has Sherpa-level interactions regularly to discuss the possible areas of cooperation.