The 80-year-old, who is the chairman and CEO of Berkshire Hathaway, is on his maiden visit to India.
Famed billionaire investor Warren Buffett claims that Berkshire Hathaway would look at possible acquisitions in India as and when there are opportunities.
"This is a country (India) on the move", the legendary investor said at an interactive session organised by the Confederation of Indian Industry.
At some point in the next six months or two years or five years, when some large Indian corporation looks for a "permanent new home" and believes that Berkshire Hathaway is "best place in the world", they "don't forget me", he said.
The conglomerate had recently forayed into the Indian non-life insurance sector as a corporate agent of Bajaj Allianz General.
India is a very big country with a large number of significant businesses. Also, India is the logical place to make large commitments. So, I hope I spend some money here, said Warren Buffet
Praising India and China, he said both the countries were 'exploding' in terms of opening up human potential. It's not as if the two countries are working harder than before; it's just that they are working smarter, and responding to the needs of their societies, he added.
Terming his company's entry into India as "better late than never", the world's third richest man had said that he understood (companies) that are into soft drinks and chewing gums rather than IT.
Source: http://www.rediff.com/business
Follow us: www.facebook.com/karvyprivatewealth
Famed billionaire investor Warren Buffett claims that Berkshire Hathaway would look at possible acquisitions in India as and when there are opportunities.
At some point in the next six months or two years or five years, when some large Indian corporation looks for a "permanent new home" and believes that Berkshire Hathaway is "best place in the world", they "don't forget me", he said.
The conglomerate had recently forayed into the Indian non-life insurance sector as a corporate agent of Bajaj Allianz General.
India is a very big country with a large number of significant businesses. Also, India is the logical place to make large commitments. So, I hope I spend some money here, said Warren Buffet
Praising India and China, he said both the countries were 'exploding' in terms of opening up human potential. It's not as if the two countries are working harder than before; it's just that they are working smarter, and responding to the needs of their societies, he added.
Terming his company's entry into India as "better late than never", the world's third richest man had said that he understood (companies) that are into soft drinks and chewing gums rather than IT.
Source: http://www.rediff.com/business
Follow us: www.facebook.com/karvyprivatewealth
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