Japanese multinational telecom company, SoftBank has expressed its readiness to establish an ambitious 20 Gigawatt solar power plant in Andhra Pradesh.
As part of ‘Make in India’ initiative, SoftBank will take up manufacturing of solar panels in the State.
Besides offering financial assistance for the proposed university on non-conventional energy resources, SoftBank also came forward to provide scholarships to engineering students who specialise in solar energy.
This was the outcome during a meeting Andhra Pradesh Chief Minster N. Chandrababu Naidu, who is currently touring Japan, had with SoftBank Chairman Masayoshi Son on Tuesday morning.
Meanwhile, Japanese Minister for Trade and Industry Yoichi Miyazawa said that Japanese companies were interested in participating in the development of the new capital city of Andhra Pradesh. During his interaction with the delegation led by Mr. Naidu, he said that Japanese firms would be seeking equity participation with the organisation involved in constructing the new capital.
He also assured the delegation of Japan trying to invest to a large extent in the metro project if a proposal was sent by the Government of India. He said that New Energy and Industrial Technology Development Organisation (NEDO) of Japan would be asked to be partner in the project.
With Japan Government last year promising to invest $ 35 billion in infrastructure and other development projects in India over a period of five years, Mr.Naidu expressed the hope that maximum investments would come to Andhra Pradesh.
