India welcomes UAE-led investment initiative for agriculture innovation – The National

  • Date: 15-Jul-2022
  • Source: The National
  • Sector:Agriculture
  • Country:UAE
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India welcomes UAE-led investment initiative for agriculture innovation – The National

India has welcomed the UAE’s decision to invest $2 billion in agricultural food parks across the country and announced its intention to ensure the project’s successful operation, as the first I2U2 summit kicked off on Thursday.

The UAE announced the project at the inaugural summit of the newly formed I2U2 bloc — a group that includes India, Israel, the UAE and the US — which took place during US President Joe Biden's visit to Israel.

The event was attended by Mr Biden as well as UAE President Sheikh Mohamed, Israeli Prime Minister Yair Lapid and India's Prime Minister Narendra Modi.