Don’t miss the latest developments in business and finance.

Softbank CEO says will "seriously" accelerate investments in India

Image
Reuters NEW DELHI
Last Updated : Jan 16 2016 | 3:07 PM IST

NEW DELHI (Reuters) - 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.

"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.

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

(Reporting by Himank Sharma; Editing by Kim Coghill)

More From This Section

First Published: Jan 16 2016 | 2:58 PM IST

Next Story