I2U2 summit: UAE to invest $2 billion to develop integrated food parks across India

 GSPaper-2

Syllabus: Global grouping involving India, I2U2 etc

 

Source: Indian Express,

 

Context:

  • The United Arab Emirates announced an investment of USD 2 billion to develop a series of integrated food parks across India as part of efforts by the four-nation grouping I2U2 (India-Israel-UAE-USA) to help tackle food insecurity in South Asia and the Middle East.

 

Key Highlights:

  • UAE to invest in Indian food parks: I2U2 leaders said the UAE – home to the International Renewable Energy Agency (IRENA) and host of COP28 in 2023 – will invest USD 2 billion to develop a series of integrated food parks across India.
  • US and Israel to provide expertise: The S. and Israeli private sectors will be invited to lend their expertise and offer innovative solutions that contribute to the overall sustainability of the project.
    • These investments will help maximize crop yields and, in turn, help tackle food insecurity in South Asia and the Middle East.
  • Hybrid renewable energy project in Gujarat: It will consist of 300 megawatts (MW) of wind and solar capacity, complemented by a battery energy storage system.
  • Science-based solutions to enhance food security: will build more innovative, inclusive, and science-based solutions to enhance food security and sustainable food systems.
  • Agriculture Innovation Mission for Climate initiative (AIM for Climate): India has shown interest in joining the United States, the UAE, and Israel in the Agriculture Innovation Mission for Climate initiative (AIM for Climate)
  • Support for Abraham Accord: The I2U2 leaders reaffirmed their “support for the Abraham Accords and other peace and normalization arrangements with Israel”.

 

I2U2
  • It was initially formed in October, 2021 following the Abraham Accords between Israel and the UAE, to deal with issues concerning maritime security, infrastructure and transport in the region.
  • At that time, it was called the ‘International Forum for Economic Cooperation’, referred to as the ‘West Asian Quad’.
  • I2U2 initiative is a new grouping of India, Israel, USA and UAE.
  • This will not only revitalize and re-energize the system of alliances and partnerships around the world, but also stitch together partnerships that did not exist previously or were not utilized to their full extent.
  • Cooperation areas:
    • Security Cooperation
    • Technological Hubs
    • Food Security
    • Work Together in Different Fields like climate change, pandemics etc

 

Insta Links:

Abraham Accord

 

Practice Questions

Q. India’s relations with Israel have, of late, acquired a depth and diversity, which cannot be rolled back.”Discuss. (UPSC 2019)

 

Q. Which of the following is/are party to Abraham Accord?

  1. UAE
  2. Oman
  3. Bahrain
  4. Israel

Select the correct answer using the codes given below:

a. 1, 2 and 3 only

b. 1, 3 and 4 only

c. 1 and 4 only

d. 1, 2, 3 and 4

Ans: (b)

Justification:

The Abraham Accord between Israel, the United Arab Emirates and Bahrain is mediated by the USA. It is the first Arab-Israeli peace deal in 26 years.