Friday, December 27

Softbank CEO says will ‘seriously’ accelerate investments in Indian Startups

Japanese telecom and media group SoftBank will “seriously” accelerate its investments in India, Chief Executive Masayoshi Son told a start-up conference in New Delhi on Saturday.

Softbank had previously said it would invest $10 billion in India over 10 years.

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“The time has come that the Indian economy will be big enough going forward. Mobile internet will make the domestic internet market big enough,” Son said.

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“I think we would seriously accelerate our investments in India going forward.”

image credit- reuters