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I2U2 Summit: UAE to invest $2 billion on food parks in India

Published on July 15, 2022
Current Context: UAE will invest $2 billion to develop a series of food parks in India to tackle food security under the framework of the four-nation grouping I2U2.
I2U2 Summit: UAE to invest $2 billion on food parks in India
  • The decision was made after the first virtual summit which was participated by Indian PM Modi, US President Joe Biden, Israeli PM Yair Lapid, and UAE President Mohammad bin Zayed Al Nahyan.
  • The grouping is known as I2U2 where “I” stands for India and Israel and “U” stands for the US and the UAE.
  • The I2U2 leader's meeting focused on food security and clean energy.
  • For the project, India will provide land and will facilitate farmers’ integration into the food parks.
  • The I2U2 group will advance hybrid renewable energy projects of 300 megawatts of wind and solar capacity in Gujarat.
  • The I2U2 grouping was conceptualized during the foreign ministers' meeting of the four nations on October 18, 2021.
  • Static Knowledge:
    • President of Israel – Isaac Herzog
    • Capital of Israel – Jerusalem
    • Currency of Israel – Israeli Shekel
    • Capital of UAE – Abu Dhabi
    • Currency of UAE – Dirham

Question:

Q.1 Which country will invest $2 billion to develop food parks in India?
a. Israel
b. Canada
c. UAE
d. Saudi Arabia

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