Japan's SoftBank to invest USD 10 billion in India

New Delhi, Oct. 28 - The Chairman and Chief Executive Officer (CEO) of Japanese telecommunications and internet firm SoftBank Corporation, Masayoshi Son, has pledged an investment of USD 10 billion in India's IT and communications sector in the coming years.

The proposed investment was committed in a meeting with the Telecom Minister Ravi Shankar Prasad.

Masayoshi Son, accompanied by a delegation of his company directors, had also met Prime Minister Narendra Modi on Monday, to discuss various investment plans in India.

Bloomberg Billionaires Index has named Son as the richest man in Japan, with an estimated wealth to be worth USD 16.6 billion. (ANI)