What is the News ?

The I2U2 group has just unveiled a new collaborative space project with the goal of developing a one-of-a-kind space tool designed for use by policymakers, organizations, and business innovators.

Facts About:

• The I2U2 Group comprises India, Israel, the United Arab Emirates, and the United States.
• Formation:

This alliance was originally established in October 2021 with the primary objective of addressing infrastructure, transportation, and maritime security issues in the region.

Originally, it was named the "International Forum for Economic Cooperation" and was also referred to as the "West Asian Quad."

• First Virtual Summit: In July 2022, the group conducted its inaugural virtual summit.
• This unique coalition of nations identifies viable projects and initiatives aimed at addressing significant challenges.
• It places special emphasis on collaborative investments and new endeavors in areas such as water, energy, transportation, space, health, food security, and technology.
• The group's objectives encompass mobilizing private sector resources and expertise to achieve various goals, including the modernization of infrastructure, the promotion of low-carbon development pathways, and enhancements in public health.