India Has Unexplored, Unattended Opportunities: Warren Buffet

WASHINGTON, DC (ANI) – Legendary investor and Berkshire Hathaway Chairman and CEO Warren Buffett is bullish on India. Presiding over the company’s annual meeting on May 5, the nonagenarian investor said there are loads of opportunities in India.

To a question on whether his company Berkshire was actively looking for opportunities in India, Buffett, without getting into specifics, said there are unexplored or unattended to opportunities and areas in India.”

Berkshire Hathaway’s business and investment model is focused on acquiring and managing businesses across multiple industries.

“In India, I am sure that there are loads of opportunities in a place like India, and the question is do we have any advantage, in either insight into those businesses or contacts that will make possible for some transactions that participants in India would particularly want us to participate,” the nonagenarian investor said.

“I would say that’s something that more energetic management at Berkshire could pursue because we do have a reputation now and are known around the world and our Japanese experience has been fascinating. In that respect, so there may be an unexplored or unattended opportunities and area (in India),” he added.

Hinting at a foray in India, he said it would not take much time before it pursues opportunities in the country, He added Berkshire’s new management will decide on investments in India.

“We will see how the next management plays the game out at Berkshire and fortunately you don’t have too long to wait on that generally,” he said.

India’s GDP is currently ranked 5th, after the US, China, Germany, and Japan, and is projected to become the third in a few years.