1. SoftBank CEO commits to invest USD 10 billion in India

SoftBank CEO commits to invest USD 10 billion in India

Japanese multinational telecommunications and internet corporation SoftBank on Monday said that it is committed to investing USD 10 billion in the country as part of the 'Make in India' initiative.

By: | Updated: June 23, 2015 9:17 AM

Japanese multinational telecommunications and internet corporation SoftBank on Monday said that it is committed to investing USD 10 billion in the country as part of the ‘Make in India’ initiative.

“I want to support the ‘Make In India’ vision. If we manufacture here, the cost of logistics gets reduced. We have committed to invest USD 10 billion over the next 10 years,” SoftBank CEO Masayoshi Son said here.

“With two times more sunshine and half the cost of construction, making solar part becomes four times more efficient in India,” he added.

Earlier in the day, Son and other executives of SoftBank had met Prime Minister Narendra Modi in Delhi. Top officials from Bharti Enterprises and Japan Bank for International Cooperation were also present at the meeting.

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