Tuesday, March 22, 2011

India not an emerging market but a very big market : Warren Buffett

BANGALORE: Billionaire investor Warren Buffett said on Tuesday he was looking to invest in large countries like India.

Buffett heads Berkshire Hathaway Inc , which has substantial insurance and utility investments globally.

"I don't consider India as an emerging market , I consider India as a very big market," he told reporters. "We continue to look at large countries like India."

Buffett said it would be more attractive if he could invest more than 26% in Indian insurance companies.

Buffett in South Korea on Monday said Berkshire Hathaway, which at the year-end was sitting on $38 billion of cash equivalents and last week bought US specialty chemicals maker Lubrizol for $9 billion, was looking for more large-scale acquisitions anywhere in the world

Source : ET

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