1. SoftBank keen to invest in Andhra Pradesh

SoftBank keen to invest in Andhra Pradesh

Japan’s SoftBank said it is keen to invest in solar and wind power projects in Andhra Pradesh.

By: | Published: June 24, 2015 1:13 AM

Japan’s SoftBank said it is keen to invest in solar and wind power projects in Andhra Pradesh. SoftBank founder and CEO Masayoshi Son on Tuesday met chief minister N Chandrababu Naidu and said that it is keen to collaborate with Andhra Pradesh in the renewable energy segment.

In a high-level meeting with Naidu, Son said they are interested in collaborating with the Andhra Pradesh government in renewable energy. Nikesh Arora, president of SoftBank, and Sunil Mittal, chairman of Bharti Enterprises, too were present in the meeting.

This was courtesy visit by Son to meet the chief minister following their meeting last year in Japan.

During the meeting, Son said: “I’m happy to be here. I’m confident that we will work well,” he said.

Talking about the advantages of Andhra Pradesh, Naidu told Son that the state has a long coast on the east, which makes it a potential logistics hub for Southeast Asia. “On the east coast, Andhra Pradesh has an advantage of serving and exporting goods to Southeastern markets like Malaysia, Singapore, China etc.”

“We have surplus power and water. We’ve turned our state around from a power-deficit to an energy-secure state,” he added.

Tags: SoftBank
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