Japan-based telecom and internet company, SoftBank Corporation, will invest around $10 billion in the Indian information technology and communications (ICT) market over the next few years. Stating Indian market as the top priority for SoftBank, the company believes that the e-commerce potential of India will become a $50 billion business till 2024. In this regard, the company has bought stake worth $627 million in the online retail company, Snapdeal.
SoftBank also has made investments in many Indian companies including InMobi and Hike. The company operates with a market capitalisation of $92 billion in Japan and has operations in broadband, fixed line telecom, e-Commerce, finance, media and marketing.
