The extraordinary level of hostilities between Israel and Hamas are expected to cast a shadow on two of the major initiatives that the country has launched with India and other stakeholders. A highly placed source here said that both the I2U2 (India, Israel, US. .and United Arab Emirates) and IMEC (India Middle East EU Economic Corridor) that were aimed at creating new partnerships for India’s post-COVID economic plans are expected to suffer because of the Hamas attack on Israel.
“Both I2U2 and IMEC are expected to be impacted. We are carefully observing the situation,” said an official when asked whether the attack by Hamas had placed a question mark on Israel’s ability to provide stable conditions for mega infrastructure and financial initiatives. I2U2 was started in October 2021 and it found concrete expression when leaders of the four participating countries issued a joint statement in July 14, 2022 prioritising areas like digital connectivity, energy, agriculture and infrastructure.
Also read | Why did Hamas launch a surprise attack on Israel? | Analysis
