Warren Buffett On India: 'Loads of Opportunities' For Future Berkshire Management

At Berkshire Hathaway's annual meeting, billionaire investor Warren Buffett highlighted numerous investment opportunities in India, noting that his firm might explore “unexplored or unattended” areas in one of the world’s fastest-growing economies. However, he stated that he would leave these opportunities to future management to pursue.

What Happened: Buffett explained that the key issue is whether Berkshire has any unique insights or connections that could facilitate transactions that Indian parties would particularly desire. He acknowledged that Berkshire is globally recognized and described its experience in the Japanese markets as “fascinating.”

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India’s stock market has consistently delivered high returns, attracting the attention of prominent business figures such as JPMorgan Chase & Co. CEO Jamie Dimon and numerous global private equity firms, which have increased their investments in the country.

Previously, Berkshire Hathaway invested in India's One 97 Communications Ltd., the owner of Paytm, and exited last year with a $164 million block deal. Looking ahead, Buffett mentioned that more energetic management at Berkshire might further explore investment possibilities in India.

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Posted In: Emerging MarketsMarketsBerkshire HathawayWarren Buffett