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Japan's SoftBank to invest up to $100 billion in Indian solar - NHK

Reuters  |  TOKYO 

TOKYO (Reuters) - SoftBank Group Corp has decided to invest $60 billion-$100 billion in solar power generation in India, Japanese public broadcaster NHK reported on Friday.SoftBank and the Indian government are expected to reach a formal agreement soon after final arrangements are made, the report said without naming its sources.The company is expected to make the investment through a fund backed by Saudi Arabia's government, NHK said. Saudi Arabia is the largest investor in SoftBank's Vision Fund, which raised over $93 billion last year. A SoftBank spokesman declined to comment. In 2015 ...

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First Published: Fri, June 15 2018. 08:31 IST