UAE invests $2 billion for food centers in India

AP , Thursday 14 Jul 2022

The United Arab Emirates is investing $2 billion to launch food processing centres across India that will use climate-smart technologies to help reduce waste and conserve fresh water.

wheat crop in India
File Photo: Farmers harvest wheat crop in a field on the outskirts of Amritsar, India taken on April 12, 2022. AFP


The initiative was announced on Thursday ahead of the first virtual leaders' meeting of I2U2, a new grouping of Israel, India, United States and UAE, that is looking to spur joint investments in water, energy, transportation, and food security, and more.

India will provide land for the project. U.S. and Israeli private firms are invited to lend their expertise to the project that the group said will help maximize crop yields.

The group has set tackling food insecurity in the South and the Middle East as a major goal.

President Joe Biden is taking part the video meeting from Israel, where he is in the second day of a whirlwind visit to the Middle East.

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