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​DiGi Framework for India

  • 26 Oct 2024

On 25th October 2024, the United States, Japan, and South Korea announced the Digital Infrastructure Growth Initiative for India (DiGi Framework), aiming to advance digital infrastructure in India through collaboration with the Indian private sector.

Key Points

  • Collaborative Agreement Signed: The U.S. International Development Finance Corporation (DFC), Japan Bank for International Cooperation (JBIC), and the Export-Import Bank of Korea (Korea Eximbank) signed the DiGi Framework to support India’s digital infrastructure growth.
  • Focus on Strategic Technologies: The DiGi Framework will support sectors such as 5G, Open RAN, optical fiber networks, telecom towers, data centers, smart city solutions, AI, e-commerce, and quantum technology, all of which are strategic to India's digital ecosystem.
  • Streamlined Process for Project Support: By creating a streamlined process, DFC, JBIC, and Korea Eximbank will be able to partner efficiently with Indian private sector players, aiming to meet India’s strategic digital infrastructure needs.
  • Boost for Private Sector Funding: The framework facilitates policy discussions with the Indian government and private sector to encourage private sector funding for critical digital infrastructure projects across India.
  • Enhanced Development Finance Role: Each participating financial institution has aligned the framework with their national goals, prioritizing sustainable economic development and strengthening development finance to support growing demand.
  • Building on Indo-Pacific Cooperation: The initiative aligns with the trilateral goals set during the U.S.-Japan-Republic of Korea summit, underlining the importance of regional collaboration in promoting sustainable development in the Indo-Pacific region.
  • Commitment to High-Quality Investments: Through this partnership, the DFC, JBIC, and Korea Eximbank aim to leverage private sector resources to drive high-quality digital infrastructure investments that support India’s rapid digital transformation.