UAE to invest $2 billion in Indian ‘food parks’ and explore clean energy projects – The National

UAE to invest $2 billion in Indian ‘food parks’ and explore clean energy projects – The National

The UAE will invest $2 billion in "agricultural food parks" across India in an effort to boost food security across South-East Asia and the Middle East.

The project was the first announcement made by the leaders of the UAE, the US, Israel and India after an online summit on Thursday of the newly formed I2U2 bloc.

This meeting took place on the first full day of US President Joe Biden's visit to Israel. He was joined remotely by President Sheikh Mohamed, Israeli Prime Minister Yair Lapid and India's Prime Minister Narendra Modi.

The food parks are part of a push to build "innovative, inclusive and science-based solutions to enhance food security and sustainable food systems," the leaders said in a joint statement.

Israel and the US will bring state-of-the-art technologies as well as expertise to the integrated food parks across India, which will provide the land and help farmers integrate into the project.

The aim of these parks is to "reduce food waste and spoilage, conserve fresh water, and employ renewable energy sources" to maximise crop yields and help tackle food insecurity in South Asia and the Middle East.

“This unique grouping of countries aims