The three entities signed the Digital Infrastructure Growth Initiative for India Framework (DiGi Framework), the Korea Eximbank announced on Sunday.
Through this joint initiative, the three organizations recognized the strategic importance of India's digital sector and agreed to collaborate in discovering business opportunities and providing support in areas such as 5G, Open RAN (radio access network), and smart cities.
This initiative is a follow-up to the trilateral financial cooperation memorandum of understanding signed during the Korea-U.S.-Japan summit last August.
"By partnering with JBIC, Korea Eximbank, and the private sector in India, DFC will be able to more effectively unleash the power of private capital to meet the demand for high-quality digital infrastructure in India," said DFC CEO Scott Nathan.
Korea Eximbank Chairman Yoon Hee-sung expressed hope that collaboration with DFC and JBIC would strengthen Korea Eximbank's position as a global development finance institution and enable a more agile response to the diverse financial needs of Korean companies.
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