: I2U2 of India, Israel, US, UAE launched to contribute to world in time of uncertainties #IndiaNEWS #International,Diplomacy,Top Story By Arul LouisNew York, July 14 (IANS) Launching the I2U2, Indian

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I2U2 of India, Israel, US, UAE launched to contribute to world in time of uncertainties #IndiaNEWS #International ,Diplomacy,Top Story
By Arul LouisNew York, July 14 (IANS) Launching the I2U2, Indian Prime Minister Narendra Modi declared on Thursday that working together, India, Israel, the US and the United Arab Emirates will make an important contribution at the global level in a time of uncertainties as it takes on an economic and humanitarian role.
The Middle East Quad, known as I2U2 derived from the initials of the four nations, took off at a summit in Jerusalem of Modi and UAE Prime Minister Sheikh Mohammed bin Zayed Al Nahyan participating remotely and Israels Prime Minister Yair Lapid and US President Joe Biden in person.
This truly is a meeting of strategic partners. We are all good friends as well, and there are a lot of similarities in our approach and in our interests, Modi said in his speech in Hindi.
The Israel Prime Ministers office said that the leaders decided to establish a billion food corridor between India and the UAE using Israeli technology and capabilities and to start a 0 million 300-megawatt wind and solar energy storage project in India with Israeli, UAE, and American technologies.
Biden said: India is a major, major food producer in the world. Think of the beneficial impacts this will have on Indias farmers and the people suffering from hunger and malnutrition in the region.
By jointly using their technical expertise and mobilising private sector investment, they will help India reach its climate and energy goal of 500 gigawatts of non-fossil fuel capacity by 2030, he said.
Modi said the I2U2 summit has established a positive agenda and identified six areas for joint action: water, energy, transport, space, health, and food security.
Mobilising the mutual strengths of our countries that is capital expertise and markets, they can make a contribution to the global economy, he said.
Lapid said: The world is watching this meeting. This shows that something special is happening here a new kind of economic and regional cooperation cooperation that is more flexible and better adapted to the problems we face.
I would like to emphasise: This is not a philanthropic group. We want to change the world for the better, but we are also creating relative advantages for our countries, for our businesses, for our science sector, he said.
Zayed said: Our countries do not share a geographical border, yet they converge for peace, and their joint action to achieve wellbeing and prosperity.
With several political differences among the four, they generally sidestepped political and strategic issues with their joint statement only mentioning the Abraham Accords, which was reached under former President Donald Trump to normalise relations between Israel, the UAE, and Bahrain.

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