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SoftBank's Masayoshi Son says will surpass $10 bn investment commitment for India

SoftBank had already invested $2 billion in India, claims Masayoshi Son

Agencies  |  New Delhi 

softbank, Masayoshi Son
SoftBank Group Corp Chairman and CEO Masayoshi Son

Positive on India's prospects, Japan's 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," Chairman and Chief Executive said at the HT Leadership Summit here.

He further said 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 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 and huge opportunities exist in the country, but wanted the government to develop a robust mobile phone infrastructure and resolve slow Internet issues.

First Published: Fri, December 02 2016. 19:11 IST