PM Modi to participate in first I2U2 Leaders' Summit virtually today: Key points

NEW DELHI: Prime Minister Narendra Modi will join US President Joe Biden, Israeli PM Yair Lapid and UAE President Mohammed bin Zayed Al Nahyan at the first virtual summit of the four-nation grouping 'I2U2' on Thursday.
The leaders are expected to discuss joint economic projects to bolster economic cooperation under the framework of the coalition.
The I2U2 grouping was conceptualised during the meeting of the foreign ministers of the four countries held on October 18 last year.
India's bilateral strategic ties with each of the three countries are on an upswing in the last few years.
The virtual summit is likely to begin around 4 pm.
Here are the key points-
* The grouping is known as 'I2U2' with "I" standing for India and Israel and "U" for the US and the UAE.
* "The leaders will discuss the possible joint projects within the framework of 'I2U2' as well as the other common areas of mutual interest to strengthen the economic partnership in trade and investment in our respective regions and beyond," the Ministry of External Affairs (MEA) said on Tuesday.
* I2U2 is aimed to encourage joint investments in six mutually identified areas such as water, energy, transportation, space, health, and food security.
* A $2 billion project for agricultural parks in India is likely to be announced at the first I2U2 Leaders' Summit.
(With inputs from agencies)