UAE to fund agri parks in India with support from Israel and US private sector

UAE,14/7: The government of the United Arab Emirates and the private sector of the United States will invest in a $2 billion project to set up agricultural parks in India with technical support from Israel.



The project is likely to be announced at the first I2U2 summit which will be held later on Thursday. The summit will see the leaders of India, Israel, the United Arab Emirates and the United States exploring joint initiatives to contribute to food security around the world amid disruptions in the global supply chain for agricultural products due to the Russia-Ukraine conflict.


Prime Minister Narendra Modi and Sheikh Mohamed bin Zayed bin Sultan Al Nahyan, President of the UAE, will virtually join President Joe Biden of the US and Prime Minister Yair Lapid of Israel for a summit, which will launch a new four-nation bloc called I2U2. The leaders of the four nations will discuss cooperation in agricultural technology as well as for ensuring global food security.

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