A new framework for improving cooperation with the Indian private sector was unveiled by the US, Japan, and South Korea. The goal of this project is to assist India's digital infrastructure. Important financial organizations, such as Korea Eximbank, the Japan Bank for International Cooperation (JBIC), and the U.S. International Development Finance Corporation (DFC), made the statement.

Digital Infrastructure Growth for India Framework

• Funded by Development for Freedom, Japan Bank of International Cooperation, and Korea Eximbank.
• Supports projects in the information technology industry targeting such solutions as 5G, Open RAN, submarine systems, optical fiber systems, telecom towers, data centers, smart city applications, e-economy, artificial intelligence, quantum computing solutions, etc.
• Further lays down the framework of an efficient relationship between the countries financial institutions and the Indian private sector.
• It aspires to encourage strategic digital infrastructure-related initiatives and provide opportunities for policy discourses between the Indian government and private players.
• Its primary goal is to promote collaboration between America, Japan, Korea, and India in attaining common goals in the development of sustainable digital frameworks.
• Significance for India: Overall, better digital services, better connectivity, access to information technology, etc., are basic needs for any economy.
• Its primary objective is to develop a strong digital environment in India together with the support of partnerships and private ventures.