Softbank has announced plans to invest $20 billion in solar-energy-power projects in India. It will tie up with the country’s Bharti Enterprises and Taiwan’s Foxconn Indian government targets a massive expansion in the country’s solar output from some 3 gigawatts today to 100 gigawatts by 2022.
The companies said that the pace of the project will depend on the support the solar energy projects receive from various state governments as well as the Centre. According to government estimates, solar can become the second-biggest source of energy, after coal, by the year 2022 if Modi’s vision is achieved.
About Softbank
- is a Japanese multinational telecommunications and Internet corporation, with operations in broadband, fixed-line telecommunications, e-commerce, Internet, technology services,finance, media and marketing, and other businesses.
- Established:1981
- Headquarters: Tokyo
- CEO: Masayoshi Son
About Bharti Enterprises
- Bharti Enterprises is an Indian business conglomerate.
- Headquarters: New Delhi
- established: 1980
- CEO: Sunil Bharti
- Slogan : Changing Lives
