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.
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.