The news article from Bloomberg gives spotlights on UAE’s $2 billion investment to set up food
parks in India. This initiative is part of efforts by a US-led four-nation group to help tackle food
insecurity in South Asia and Middle East. According to joint statement from the group, U.S. and
Israeli private sectors will provide technologies support to reduce food waste and spoilage at
food parks in India. The investment plan comes after the first leaders’ meeting of the ‘I2U2’
Group, made up of the UAE, India, Israel and the US. As part of initiative, the ‘I2U2’ will also
advance a hybrid renewable energy project in India’s Gujrat state with 300 megawatts of wind
and solar capacity. The U.S. Trade and Development Agency funded a feasibility study for the
$330 million project. UAE-based companies are also exploring opportunities to serve as
knowledge and investment partners for the hybrid renewable project.
The news article has been published by Bloomberg News. This news company said to have left
lean biased due to their reputation of publishing liberal and factual information regarding
financial news. Bloomberg News is own by Michael Bloomberg who officially entered the 2020
Democratic presidential race in Nov. 2019. I believe the target audience for this news article is
global financial industry.