CURRENT AFFAIRS

Detailed explanation-1: -Option B) India : 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.

Detailed explanation-2: -SBICAP Ventures Limited (SVL), a subsidiary of the State Bank of India (SBI), on Monday signed a MoU with the Ministry of External Affairs for establishing the Trilateral Development Cooperation Fund (TDC Fund) for joint projects with global partners. The TDC Fund will route India’s commitment of approx. Rs. 175 cr.

Detailed explanation-3: -India and France agree to work towards establishment of Indo-Pacific trilateral development cooperation. External Affairs Minister Dr. S Jaishankar today said India and France have agreed to work towards the establishment of Indo-Pacific trilateral development cooperation.

Detailed explanation-4: -The TDC fund has been recently launched by India to involve private sectors with the support of the state for investments in the Indo-Pacific region. This region comprises the Indian Ocean, the central and western Pacific Ocean, and the seas that connect the two around Indonesia and beyond.