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India on Buffett’s radar

Legendary investor Warren Buffett, who has till now made only a few investment outside the US, plans to visit India next March and is likely to explore possible investment opportunities.

business Updated: May 02, 2010 22:18 IST

Legendary investor Warren Buffett, who has till now made only a few investment outside the US, plans to visit India next March and is likely to explore possible investment opportunities.

One of the richest persons in the world, Buffett is the chairman and chief executive of the conglomerate Berkshire Hathaway, which has holdings in diverse firms like Coca-Cola and Swiss Re.

Speaking at the annual general meeting of Berkshire Hathaway in Omaha on Saturday, Buffet disclosed his plans to visit India next year. According to The Wall Street Journal, in response to a query on whether he would consider investing in India, Buffett said he is eyeing the country and “is going to make a trip to India in March next”.

Attributing to Buffett, the publication said one problem is that laws limit how much Berkshire can invest in Indian companies. “Still, he sees potential noting that India has made big improvements in the last 10 years,” the paper said quoting him.

In Asia, Berkshire’s current investments include those in South Korean steel maker Posco and in Chinese entity BYD.

Switzerland and Israel are among other countries where Berkshire has investments.