<p> Indian Prime Minister Narendra Modi and SoftBank Group founder Masayoshi Son met on Monday to discuss more investments by the country's biggest tech backer, as a startup boom appears to cool in India amid worries about the global economy.</p>.<p>The Japanese firm has injected more than $14 billion into India's tech industry, including in payments app Paytm whose market value has sunk since listing in Mumbai in November.</p>.<p>Fundraising has become much more difficult this year for Indian startups after attracting a record $35 billion in 2021, while Softbank this month posted a record $26.2 billion loss at its Vision Fund investment arm.</p>.<p>"Further propelling Japanese investments in India," Indian foreign ministry spokesperson, Arindam Bagchi, said on Twitter posting pictures of Modi and Son in a meeting in Tokyo.</p>.<p>Bagchi said talks focused on "Softbank’s future participation in India in technology, energy, finance, R&D, etc" without giving details.</p>.<p>In a video statement shared by New Delhi after the meeting, Son said India was growing "very quickly" and had become the third-biggest generator of startups in the world.</p>.<p>"India's future is bright," he said, adding Modi was keen to keep supporting the startup sector.</p>.<p>Modi also met officials from Suzuki Motor Corp, the majority owner of India's biggest automaker, Maruti Suzuki, and discussed investment in electric vehicles and batteries.</p>.<p>In a separate meeting with the chief of Uniqlo parent Fast Retailing Co Ltd, Modi urged the retailer to invest in India's upcoming all-in-one mega textile parks.</p>.<p>The prime minister is in Tokyo for a summit of the leaders of the Quad group of countries - India, the United States, Japan and Australia - and the launch of the Indo-Pacific Economic Framework for Prosperity. </p>
<p> Indian Prime Minister Narendra Modi and SoftBank Group founder Masayoshi Son met on Monday to discuss more investments by the country's biggest tech backer, as a startup boom appears to cool in India amid worries about the global economy.</p>.<p>The Japanese firm has injected more than $14 billion into India's tech industry, including in payments app Paytm whose market value has sunk since listing in Mumbai in November.</p>.<p>Fundraising has become much more difficult this year for Indian startups after attracting a record $35 billion in 2021, while Softbank this month posted a record $26.2 billion loss at its Vision Fund investment arm.</p>.<p>"Further propelling Japanese investments in India," Indian foreign ministry spokesperson, Arindam Bagchi, said on Twitter posting pictures of Modi and Son in a meeting in Tokyo.</p>.<p>Bagchi said talks focused on "Softbank’s future participation in India in technology, energy, finance, R&D, etc" without giving details.</p>.<p>In a video statement shared by New Delhi after the meeting, Son said India was growing "very quickly" and had become the third-biggest generator of startups in the world.</p>.<p>"India's future is bright," he said, adding Modi was keen to keep supporting the startup sector.</p>.<p>Modi also met officials from Suzuki Motor Corp, the majority owner of India's biggest automaker, Maruti Suzuki, and discussed investment in electric vehicles and batteries.</p>.<p>In a separate meeting with the chief of Uniqlo parent Fast Retailing Co Ltd, Modi urged the retailer to invest in India's upcoming all-in-one mega textile parks.</p>.<p>The prime minister is in Tokyo for a summit of the leaders of the Quad group of countries - India, the United States, Japan and Australia - and the launch of the Indo-Pacific Economic Framework for Prosperity. </p>