Undiscovered opportunities abound in India, says billionaire Warren Buffet

Berkshire’s Indian interests: Investment magnate and billionaire Warren Buffet has said there are plenty of undiscovered and untapped opportunities, but did not fully reveal plans by his multi-million dollar conglomerate Berkshire Hathaway to invest in India. However, speaking at the annual general meeting (AGM) of multi-million dollar conglomerate Berkshire Hathaway in Omaha in the US, Buffet hinted that he would explore India as an investment destination in the coming days.

In response to a question from Republic Business following Buffet’s comments, a US-based journalist said the General Meeting, personally Buffet’s 160th and the first after the death of the former co-founder and vice chairman of Berkshire , Charlie Munger, Buffet, who is the co-founder and CEO of the conglomerate was optimistic about India as an investment destination.

“At the AGM, Buffet was optimistic about India and Japan and expressed his optimism about the enormous opportunities,” he said. According to media reports, Buffett’s response to India as an investment destination was in response to a question from Rajeev Agarwal, the representative of a US-based hedge fund DoorDarshi Advisors.

Management to increase focus on India

Buffet is said to have deliberated with the Berkshire investors during the AGM on ways to forge viable partnerships in India. “I’m sure there’s a lot of opportunity in a country like India, and the question is, do we have any advantage, in terms of understanding those companies or contacts that will enable some of the transactions that participants in India would do. especially want us to participate,” said Buffet.

Commenting on Japan as an investment destination. Buffet is said to have praised the country. “I would say this is something that a more energetic management at Berkshire could pursue because we now have a reputation and are known around the world and our Japanese experience has been fascinating. In that respect, there may still be undiscovered or unused opportunities and possibilities. area (in India),” Buffet reportedly added.

Buffet, who assured investors that his successors at Berkshire were well prepared, also added that the conglomerate’s management will decide on investments in India. “We’ll see how the next management plays the game at Berkshire and luckily you generally don’t have to wait long for that,” he said.