The Japanese group sees India as a "huge opportunity" due to its English-speaking population.
Confident on India's prospects, SoftBank CEO and Chairman Masayoshi Son has pledged that the company will "surpass" its commitment of investing $10 billion in the country.
The Japanese group, which has spent billions of dollars in markets such as China, the United States and Japan, sees India as a "huge opportunity" due to its English-speaking population as well as the country's democratic form of governance.
"This is the country with such a large population, this is a country which is a democracy, many of you speak English, this is the country where I think new technology is going to happen and new excitement is coming...this is the country where I am very much interested in investing," Son said during a leadership summit in India, according to The Economic Times.
SoftBank had committed in 2014 to investing $10 billion in 10 years in India. So far, Son said the company has already invested $2 billion in start-ups such as Ola, Snapdeal and Grofers.
"I am a man to keep my words… We have already invested $2 billion in the last couple of years. Eight more years to go. I am going to surpass my word on the commitment," executive said, according to the news outlet.
Two years ago, SoftBank invested $210 million in Ola Cabs, $627 million in Snapdeal and $90 million in property site Housing.com. In 2015, the company invested $120 million in Grofers, and another $100 million in Oyo along with other investors, Money Control reported.
Now, SoftBank is targeting areas like solar power generation and "lots of Internet-related companies."
"We continue to expand on that," Son said, according to First Post.