UAE, US to invest $2.3 billion in India under the framework of I2U2

I2U2 was conceptualised during a meeting of the foreign ministers of the four countries in October last year

The United Arab Emirates (UAE) will invest $2 billion (about Rs 15,500 crore) in India to develop a series of integrated food parks, while the United States (US) will set up a hybrid renewable energy project in Dwarka, Gujarat, with an investment of $330 million (about 2,500 crore) under the framework of I2U2. This was announced by the leaders of the four-nation grouping – comprising India, Israel, the UAE, and the US — as they held their first virtual summit on Thursday.

Participating in the meeting, Prime Minister Narendra Modi said I2U2 had set a positive agenda right from the