SoftBank founder Masayoshi Son is expected to land in India next week for a meeting with Prime Minister Narendra Modi to discuss his multi-billion dollar investment plans in the country’s solar energy sector, an official familiar with the development told Moneycontrol.
The Japanese giant plans to invest $60 billion (Rs 4.02 lakh crore) in manufacturing solar equipment as well as generation of the renewable power against promise of a sovereign guarantee from the government.
The group, whose investments in India include Paytm, Ola and Oyo, plans to pump in the money by 2030 with prospects of generating jobs for 2,00,000 people.
“Of the $60 billion (Rs 4.02 lakh crore), as much as $45 billion -50 billion (Rs 3.02 lakh crore-3.35 lakh crore) is proposed to go into manufacturing of solar cells and modules.Read More
Latest posts by Moneycontrol.com (see all)
- Here is why crude oil prices continue to rise even when global growth forecasts are cut - October 18, 2018
- UAE’s ADNOC starts producing new Umm Lulu crude oil stream - October 18, 2018
- Petrol, diesel prices fall 21 paise and 11 paise in Mumbai, Delhi, Kolkata - October 18, 2018