P.V.Anandpadmanabhan

Masayoshi Son, who is Japan’s richest businessman and ranks 45th in Forbes list of world’s most powerful person, had met the Prime Minister Narendra Modi during his visit to Japan and had assured him of big investments in India.

He also called on the Prime Minister again on Monday in New Delhi; Son also met the Minister for Communications and Information Technology and Law & Justice Ravi Shankar Prasad in New Delhi last evening.

SoftBank would like to invest approximately $ 10 billion in India in the coming years. He placed it on record that India is the top most priority for SoftBank. He further expressed immense faith in the great eCommerce potential of India.

He estimated it to become a $0.5 trillion business in the next 10 years. Mr. Son shared with the Minister that the growth of eCommerece would lead to employment generation in India by opening up new avenues. He further requested the Minister to develop a robust mobile phone infrastructure and sort out the issue relating to spectrum said Son.

The Minister welcomed the optimism shown by Son in India and said that it would go a long way in enhancing cooperation between India and Japan. He also highlighted the efforts that are being made by this government for developing a world class communication network in India. He further, assured him that the government is working hard on sorting out all issues relating to spectrum in India.