SoftBank could spend $5 billion to $10 billion in India in 2022.

SoftBank Group Corp. could spend $5 billion to $10 billion in India next year, according to Rajeev Misra, CEO of SoftBank Investment Advisers.

“We might invest $5 billion to $10 billion in 2022 if we find the appropriate company,” Misra said at the Bloomberg India Economic Forum on Thursday. “If we can locate the right prospects at the appropriate price,” says the investor.

So far, the Japanese behemoth’s investments in India have paid off handsomely, with its portfolio of Indian businesses enjoying significant price increases. SoftBank plans to increase its investment in India to $3 billion by 2021, just as global corporations become warier of bets in China, where stricter rules in various industries affect transactions.

SoftBank’s Vision Fund announced a record loss of 825.1 billion yen ($7.2 billion) for the quarter ended in September, owing to the drop in value of public holdings such as Coupang Inc., Korean e-commerce and Didi Global Inc., a Chinese ride-hailing company. Before being acquired by Walmart Inc., the Japanese corporation ventured early into the Indian industry, taking a stake in ride-hailing behemoth Ola and e-commerce leader Flipkart.

SoftBank also invested in Paytm, the digital payments pioneer, expected to raise $2.5 billion in its IPO. In October, SoftBank-backed Oyo Hotels & Homes filed preliminary documents for an initial 84.3 billion rupee ($1.1 billion) public offering.

According to Misra, SoftBank’s patience will be “rewarded” as India’s tech environment takes off. “India’s time has come.”