Adani Group Head, Gautam Adani is in talks with Japan´s Softbank Chairman Masayoshi Son and Foxconn head Terry Gou, to secure investment for a $3 billion project to produce 3 GW of solar cells and panels in the country, sources said. While, Softbank, Foxconn and Bharti Enterprises have already pledged to invest about $20 billion in solar projects in India, a new deal with a conglomerate like Adani will boost manufacturing and create sorely needed jobs.
The deal is yet to be finalised , but will likely be greenlit in the coming few months. The first phase of 1 GW will be completed by 2018 and the company has already started buying equipment for it.
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