The US, Japan, and South Korea on Friday( 25 October) announced the launch of a new framework that furthers their collaboration with the Indian private sector to support digital infrastructure in India.

• An announcement in this regard was made by the U.S. International Development Finance Corporation, the Japan Bank for International Cooperation (JBIC), and the Export-Import Bank of Korea (Korea Eximbank).
• The trio of DFC CEO Scott Nathan, JBIC Governor Nobumitsu Hayashi, and Korea Eximbank Chairman and CEO Hee-sung Yoon came together to sign the Digital Infrastructure Growth Initiative for India Framework (DiGi Framework).
• This framework will support various projects in the information and communications technology sector, including 5G, Open RAN, submarine cables, optical fiber networks, telecom towers, data centers, smart cities, e-commerce, AI, and quantum technology.
• By teaming up with JBIC, Korea Eximbank, and the private sector in India, DFC aims to unleash the power of private capital to meet the growing demand for top-notch digital infrastructure in India.
• As DFC CEO Scott Nathan puts it, this framework is a step in the right direction towards promoting sustainable development and prosperity in the Indo-Pacific.