Alliance I2U2: Pioneering partnerships with innovations and development in food security along with sustainability across the four nations
I2U2 is basically the bloc or grouping of the four nations that came in existence during October 2021. Here, this group includes India, the USA States, the UAE as well as Israel. The key objectives of this group is to simply deepen the technological as well as private-sector collaboration with different nations and handle various challenges of large-scale. On 14th July 2022, the group also issued their statement for the inaugural joint, affirming six focus areas of the areas where member nations would also collectively be ready to prioritise. Such kind of main areas are energy, water, space, transport, food and health.
For India as well, I2U2 offers the most promising rite of the passage to assist as this simply prioritise the pressing challenges as well as embrace the cross-border collaborations for the purpose to implement the solutions that are tech-enabled, amplify the current trade relations, which also work towards shared goals related to sustainability, food security, energy efficiency, and others.
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With regard to the perspective of India, I2U2 stands to the most crucial partnership which not just enhances the strategic relationships through this Middle East and West though even bears crucial economic foundations. India simply enjoys the most robust economic ties through every member countries in group. Previous year, total trade with UAE attained $73 billion, making this as India’s biggest and third biggest trading partner. Moreover, UAE is even India’s biggest export destination that contributes about 40% of total trade with the Arab world.
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When it is about technological collaboration, even Israel instructs spot of being the most leading set of technology partners, particularly in critical domains related to space, agriculture defence as well as cybersecurity.
Such a partnership offers the wonderful and golden opportunity to amplify the trade, revitalise the investments, along with fostering innovation, culminating in the most strategic set of roadmap to enhance the Indian economy. Through harnessing the great potential of the I2U2 partnership, even India looks to be poised to forge ahead on the trajectory for claiming the spot of third biggest economy.
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Main takeaways of Forum of inaugural business
This inaugural business forum which was held under I2U2 started on February 22, 2023, through the UAE which is serving as host nation. Here, key objective of such kind of the forum is mainly to deliberate on the steering partnerships as well as the collaborative ventures within the six key sectors which group agreed to simply prioritise.
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