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

Thursday, 24 March 2011 00:00 - - {{hitsCtrl.values.hits}}

BANGALORE: Billionaire investor Warren Buffett said 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. Billionaire investor Warren Buffett on Tuesday said the crisis in Japan would not stop growth in the world economy.

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.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.