In the backdrop of the Farmer's Protest (Kissan Andolan), India and UAE have signed an ambitious $7 billion Food Corridor agreement according to which UAE will invest billions of dollars in a food processing complex in India which will purchase foodgrains, fruits and vegetables directly from 22 lakh farmers in Punjab, Madhya Pradesh, Uttar Pradesh and Gujarat. The project is the cornerstone of the Arab nations Food security strategy and for it to work, India’s new farming laws will remove the middlemen from the equation. The project is seen to be implemented under the umbrella of the Abraham Accords - the Israel-UAE peace agreement.
$7 Billion India-UAE Food Corridor Project Signed In The Backdrop Of Farmer's Protests
India-UAE Food Corridor Project
According to the agreement, UAE entities would invest up to $7 billion (Dh25 billion) in India’s food sector over three years as part of the UAE-India food corrido...