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Passion better than money, India can be bigger than China: Softbank

Japanese telecom and media group SoftBank will “seriously” accelerate its investments in India, Chief Executive Masayoshi Son said at the start-up conference in New Delhi on Saturday. Softbank had previously said it would invest $10 billion in India over 10 years. “The time has come that the Indian economy will be big enough going forward. Mobile internet will make the domestic internet market big enough,” Son said. “I think we would seriously accelerate our investments in India going forward.” When asked about what he sees when funding any start-up he said he looks at the leadership and the commitment and determination to the company. “I look at the eyes and ideas of an entrepreneur-which field and passion, before investing,” he said. He further added that India can be bigger in momentum than China in the next 10 years. “This is the beginning of big bang start up boom in India,” Son said, adding that passion more important than making money. Son also believes that