The United Arab Emirates will invest $2 billion to develop a series of integrated food parks across India under the framework of thefour-nation grouping ‘I2U2’.
The decision was announced after the leaders of the grouping Prime Minister Narendra Modi, U.S. President Joe Biden, Israeli Prime Minister Yair Lapid and UAE President Mohammed bin Zayed Al Nahyan held the first virtual summit.
The statement also said the I2U2 group will advance hybrid project in Gujarat consisting of 300 megawatts of wind and solar capacity.
India’s bilateral strategic ties with each of the three countries have been on an upswing in the last few years.