What is the I2U2 Group?

About I2U2 Group:

• It is a grouping of India, Israel, the United Arab Emirates, and the United States.
• Formation:
  • The group was formed initially in October 2021 to deal with issues concerning infrastructure, transport and maritime security in the region.
  • Originally named the "International Forum for Economic Cooperation," it was also known as the "West Asian Quad" at the time.
  • First virtual summit:  The group held their first virtual summit in July 2022.
• This unique grouping of countries identifies bankable projects and initiatives to tackle some of the greatest challenges, with a particular focus on joint investments and new initiatives in water, energy, transportation, space, health, food security, and technology. 
• It aims to mobilize private sector capital and expertise to achieve a variety of goals, including modernizing infrastructure, advancing low-carbon development pathways, and improving public health. 

Q1) What is Quadrilateral Security Dialogue (QUAD)?

Known as the 'Quadrilateral Security Dialogue' (QSD), the Quad is an informal strategic forum comprising four nations, namely -- United States of America (USA), India, Australia and Japan. One of the primary objectives of the Quad is to work for a free, open, prosperous and inclusive Indo-Pacific region.

Source: India News Update Live: I2U2 Group of India, Israel, UAE & US announces joint space venture