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Japan's SoftBank to Invest $10 Billion in India; Snapdeal to Get $627 Million

Softbank Corp CEO Masayoshi Son. (Reuters)
New Delhi: Japanese telecom giant SoftBank on Monday said it plans to invest $10 billion or Rs 61,000 crore in India in a bid to aggressively expand beyond its home base. The cash-rich company will invest in India's IT, communications and e-commerce sectors, where it sees immense potential. India has the world's third-biggest Internet user base.
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