Positive on India's prospects, Japan's SoftBank today pledged that it will "surpass" the stated commitment of investing $10 billion in the country as it ramps up investments in solar power generation and Internet-led businesses. "We have already invested $2 billion in last few years. We will surpass my commitment of investing $10 billion," SoftBank Chairman and Chief Executive Masayoshi Son said at the HT Leadership Summit here. He further said SoftBank is investing in areas like solar power generation and "lots of Internet-related companies". "We continue to expand on that," said the high-profile businessman, who made headlines earlier this year when he decided to continue as the head of SoftBank instead of handing over the baton to India-born Nikesh Arora. SoftBank in 2014 had announced plans to invest $10 billion in India over the next decade.
It has invested in online marketplace Snapdeal, Ola Cabs and property site Housing. Com and InMobi, an Indian mobile-advertising network.It also has a joint venture with India's Bharti Group, Bharti SoftBank, the investments of which include the mobile application Hike Messenger, now a unicorn. In January this year, Son had said 21st century belongs to India and huge opportunities exist in the country, but wanted the government to develop a robust mobile phone infrastructure and resolve slow Internet issues.