Arun Jaitley meets SoftBank CEO, woos Japanese investors

| Monday, May 30, 2016 - 15:57
First Published |
Arun Jaitley meets SoftBank CEO, woos Japanese investors

Arun Jaitley meets SoftBank CEO

New Delhi: After announcing a joint venture with Bharti Enterprises and Taiwan’s Foxconn Technology Group to invest about $20 billion in renewable energy in June last year, SoftBank is reportedly eyeing some substantial investments in solar power sector in India.
Finance Minister, Arun Jaitley, on Monday, met Masayoshi Son, the CEO of Japanese company SoftBank to win the favour of potential investors. Jaitley reportedly made a statement saying that investors including SoftBank are keen to invest in the infrastructure sector to be part of the Indian growth story. 
The Japanese telecom and Internet giant has made a string of tech investments in India; investing $2 billion in the past two years. The company has paid $200 million for a 35% stake in InMobi, an Indian mobile-advertising network. SoftBank also has a joint venture with Bharti Group, Bharti SoftBank. Its other investments include real-estate website, hotel-booking app Oyo Rooms and Grofers.

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