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SoftBank of Japan to Invest 10 Billion Dollars in India
Nov 05, 2014

On his India visit he Chairman and CEO of the Japanese telecom and internet giant SoftBank, Masayoshi Son discussed issues relating to possibilities of SoftBank further investing in India. The Indian side shared with him the Prime Minister’s vision of Digital India and his ideas of 3S-Speed, Scale and Skill and 3D-Democracy, Demography and Demand.

India informed Son about the incentives such as Electronic Manufacturing Clusters and MSIPS that the government is providing to boost electronic manufacturing in India. Highlighting the great potential of India in the field of electronics and IT, India welcomed SoftBank to enhance its investments in India. The Smart City project was also shared with Son and explained how this would create a huge demand for electronic goods and IT services in the coming years.

SoftBank would like to invest approximately $ 10 billion in India in the coming years. Son placed it on record that India is the top most priority for SoftBank. He further expressed immense faith in the great e-Commerce potential of India. He estimated it to become a $0.5 trillion business in the next 10 years. He said that the growth of e-Commerece would lead to employment generation in India by opening up new avenues. He further requested the Indian side to develop a robust mobile phone infrastructure and sort out the issue relating to spectrum.

Son, who is Japan’s richest businessman and ranks 45th in Forbes list of world’s most powerful person, had met the Prime Minister Shri Narendra Modi during his visit to Japan and had assured him of big investments in India. He also called on the Prime Minister again on his visit in New Delhi.

With a market cap of $ 92 billion, SoftBank is one of the biggest telecom and internet corporations of Japan with operations in broadband, fixed line telecom, e-Commerce, finance, media and marketing. SoftBank already has already made investments in some Indian companies recently.


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