Japanese companies interested to invest in India’s infrastructure: FM
TOKYO: Japanese conglomerate SoftBank and a number of investors of Japan have shown keen interest in investing in India’s infrastructure growth story.
Finance Minister Arun Jaitley said this in Tokyo on Sunday as he kicked off his 6-day visit to Japan aimed at attracting investments from Asia’s second biggest economy.
After a meeting with Mr Jaitley, SoftBank Group CEO Masayoshi Son said, he is also interested in Internet companies as well as solar energy sector, where he has already announced 20 billion US dollar investment through a joint venture.In June last year, SoftBank had announced that the group was forming a joint venture to invest in renewable energy in India.The joint venture would aim to generate 20 gigawatts of electricity.
Mr Jaitley said, they have made considerable headway and have identified location and it will probably be one of the largest investment in energy sector.The Finance Minister will meet Japanese Prime Minister Shinzo Abe on Monday at the 22nd International Conference on ‘The Future of Asia’ organised by Nikkei Inc.
He will also deliver keynote address at the round table on National Investment and Infrastructure Fund, NIIF.The Rs. 40,000-crore NIIF is an investment vehicle for funding commercially viable greenfield, brown-field and stalled projects.
The Government will have 49 per cent holding in the NIIF and the rest will be of private investors.During his stay, Mr Jaitley is scheduled to meet several key investors. The Finance Minister will return home on Saturday.
