Correct option is D
In October 2024, the United States, Japan, and South Korea launched the Digital Infrastructure Growth Initiative for India (DiGi Framework). This initiative aims to support and enhance India's digital infrastructure by collaborating with the Indian private sector. The framework was developed by the U.S. International Development Finance Corporation (DFC), the Japan Bank for International Cooperation (JBIC), and the Export-Import Bank of Korea (Korea Eximbank), with the goal of fostering the development of digital technologies in India.
Objective of the DiGi Framework: The initiative is designed to promote high-quality investments in India's digital infrastructure. It covers projects in areas like 5G technology, Open RAN, data centers, e-commerce, artificial intelligence (AI), and quantum technology.
Collaborative Effort: This partnership between the U.S., Japan, and South Korea strengthens the cooperation between these countries and India, focusing on leveraging technology for economic growth.
Private Sector Role: The initiative includes collaboration with the Indian private sector to address critical digital infrastructure needs and encourage private sector investments in India’s technology sector.
Additional Information:
Other Countries Not Involved: While countries like South Africa, China, New Zealand, and Sri Lanka engage in different collaborations with India.
Impact on India’s Economy: By enhancing India’s digital infrastructure, the initiative is expected to have a far-reaching impact on sectors like telecommunications, digital services, and smart cities, helping to drive the country’s growth in the digital economy.
Future Prospects: The collaboration will also facilitate policy dialogues to align with global digital infrastructure trends and international investment in India’s growing tech sector.
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