Four-nation grouping 'I2U2' has established a positive agenda and its framework is a good model for practical cooperation in the face of increasing global uncertainties, Prime Minister Narendra Modi said on Thursday at the first virtual summit of the coalition.
With US President Joe Biden, Israeli Prime Minister Yair Lapid and UAE President Mohammed bin Zayed Al Nahyan listening, PM Modi said the grouping would make an important contribution in areas of energy security, food security and economic growth.
"We have identified joint projects in many areas, and have also prepared a roadmap to move forward in them," he said in his televised address.
"We have agreed to increase joint investment in six critical areas of water, energy, transportation, space, health and food security under the I2U2 framework," PM Modi added.
He said the cooperative framework of the grouping is a good model for practical cooperation in the midst of increasing global uncertainties.
"It is clear that the vision and agenda of I2U2 is progressive and practical." The grouping is known as 'I2U2' with "I" standing for India and Israel and "U" for the US and UAE.
"By mobilising the mutual strengths of our countries -- capital, expertise and markets -- we can accelerate our agenda, and contribute significantly to the global economy," Modi said.
"I am confident that with I2U2, we will make a significant contribution towards energy security, food security and economic growth at the global level," he added.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
"Cannot Have Enough Of You": Guyana President Praises PM Modi's Leadership PM Modi Leaves For Home After Concluding Three-Nation Visit "Era Of Cooperation, Not Conflict": PM Says Democracy, Not Expansionism Is The Way Election Results 2024 LIVE Updates: Maharashtra Battle To Decide Real NCP, Sena Election Results LIVE: Mahayuti Wins 5 Seats In Maharashtra, Leading In 225 Jharkhand Election Results: After Trailing Initially, INDIA Makes A Comeback Amid Congress's Maharashtra Misery, Jharkhand Slide, Wayanad Is Saving Grace "Her Husband Kept Asking For Dowry": Sister Of Indian, 24, Found Dead In UK Nvidia To Balance "Compliance And Tech Advances" Under Trump Administration Track Latest News Live on NDTV.com and get news updates from India and around the world.