SoftBank, Bharti and Foxconn to form JV
Japan headquartered telecom and Internet major, SoftBank Corp., leading Indian business conglomerate, Bharti Enterprises Ltd and Taiwan-based design and manufacturing services provider, Foxconn Technology Group have come together with plans to form a joint venture, SBG Cleantech Ltd to promote the adoption of clean and safe energy in India. Subject to certain conditions, all three companies will jointly invest in the venture. SBG Cleantech will be a harbinger of solar and wind energy. Following the PM’s 100 GW solar and 60 GW wind target by 2022, the venture will invest in and develop RE plants across India. SBG Cleantech is committed to contributing to the mission of 24x7 power for all and the RE target by 2022.