UAE invests $2 B to develop food parks in India

To increase India’s food yields in the region three-fold in just five years: Joe Biden

The United Arab Emirates (UAE) will be investing $2 billion in India to develop food parks across the country to tackle food insecurity in South Asia and the Middle East. This announcement was made during the I2U2 Summit.

Prime Minister Narendra Modi participated in the I2U2 Summit, along with Prime Minister of Israel Yair Lapid, President of the UAE Sheikh Mohamed bin Zayed Al Nahyan and President of the US Joseph R. Biden. The first Leaders’ Summit of I2U2 was held virtually on 14 July 2022. The I2U2 Grouping was conceptualised during the meeting of the Foreign Ministers of the four countries held on 18 October 2021. Each country also has Sherpa- level interactions regularly to discuss the possible areas of cooperation.

​I2U2 is aimed to encourage joint investments in six mutually identified areas such as water, energy, transportation, space, health, and food security. It intends to mobilise private sector capital and expertise to help modernise the infrastructure, low carbon development pathways for our industries, improve public health, and promote the development of critical emerging and green technologies.

image credit- shutterstock

Read Previous

KLAY collaborates with Nourish 1000 Days to serve healthy meals for children

Read Next

Science & business join forces in Brazil to accelerate food innovation

Leave a Reply