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‘Trilateral Development Corporation (TDC) Fund’ is a new diplomatic initiative of which country?
  • a)
    Russia
  • b)
    India
  • c)
    China
  • d)
    USA
Correct answer is option 'B'. Can you explain this answer?
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‘Trilateral Development Corporation (TDC) Fund’ is a new d...
Union Ministry of External Affairs of India has recently launched a platform called the Trilateral Development Corporation (TDC).
The fund would involve private sectors with state support for investments in the Indo-Pacific region and other regions. It aims to provide an alternative to China’s Belt-Road Initiative (BRI), a global infrastructure development strategy. UK offers 5G, nuclear and high-speed rail technologies for BRI.
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‘Trilateral Development Corporation (TDC) Fund’ is a new d...
Trilateral Development Corporation (TDC) Fund Overview
The Trilateral Development Corporation (TDC) Fund is a recent diplomatic initiative launched by India, aimed at enhancing development cooperation among three countries—India, the United States, and Japan. This initiative reflects India's growing role in global development and its commitment to fostering partnerships that can address pressing challenges.
Objectives of the TDC Fund
- Promote Sustainable Development: The TDC Fund focuses on financing projects that promote sustainable development in various sectors such as infrastructure, health, and education.
- Strengthen Partnerships: It aims to strengthen trilateral partnerships, leveraging the strengths of each country to address shared challenges effectively.
- Enhance Regional Stability: By investing in development projects in partner countries, the TDC Fund seeks to contribute to regional stability and economic growth.
Significance of the Initiative
- Global Influence: The initiative marks India's strategic shift towards a more active role in global governance and development assistance.
- Collaborative Approach: It embodies a collaborative approach where India, the US, and Japan can combine resources and expertise to achieve common goals.
- Capacity Building: The TDC Fund will also focus on capacity building in partner countries, ensuring that local populations can benefit from the investments and projects undertaken.
Conclusion
The Trilateral Development Corporation (TDC) Fund is a significant step by India to assert its leadership in international development, fostering cooperation among major democracies while addressing global challenges through collaborative efforts.
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‘Trilateral Development Corporation (TDC) Fund’ is a new diplomatic initiative of which country?a)Russiab)Indiac)Chinad)USACorrect answer is option 'B'. Can you explain this answer?
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