Having made a string of technology investments in India, Japanese telecom and Internet giant SoftBank has said its investments in the country will top $10 billion in 5-10 years.
SoftBank, which owns one of Japan’s biggest mobile carriers and a controlling stake in US-based Sprint Corp, will make its first $350 million investment in a solar project in India, its Chief Executive Masayoshi Son told. “We have already invested $2 billion and we are interested in investing more,” he said. “India has a great future. We are interested in investing in Internet companies and also in solar energy. We would make strong commitments.” Son said SoftBank is looking at accelerating the pace of investments in future. “We also made a first move on solar energy. We are making a $350 million investment in our first project in solar (in India). We will expand. In the next 5-10 years, we will definitely make probably around $10 billion of investments,” he added.