Seeking to woo investors from Asia’s second biggest economy, Finance Minister Arun Jaitley on Sunday began his six-day Japan visit as he met Masayoshi Son, the CEO of Japanese telecom giant SoftBank Group, which is eyeing “one of the biggest” investments in solar power sector in India.
Jaitley said many investors including SoftBank are keen to invest in infrastructure sector to be part of the Indian growth story.
“There are people who want to participate in infrastructure growth story. For example, SoftBank meeting we just had, they are looking at one of the biggest investments in solar power already,” he said after meeting Son.
In June last year, SoftBank announced it was forming a joint venture with Bharti Enterprises and Taiwan’s Foxconn Technology Group to invest about $20 billion in renewable energy in India. The joint venture would aim to generate 20 gigawatts of electricity.
“They have made considerable headway and have identified location. It will probably be one of the largest investment in those areas,” Jaitley said.