Buffett Looks to Large Investments in India

Wednesday, 23 Mar 2011 10:24 AM

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
During his first visit to India, Warren Buffett said Tuesday that he plans on making more investments in the country, the Eurasia Review reported Wednesday.

buffet, india, gates, investmentsBuffett was joined on his visit by Bill Gates as the two philanthropists who are listed as the second and third wealthiest men in the world by Forbes toured the country.

Buffest told reporters in New Delhi that the United States would benefit from the economic rise of India and China. Buffet’s Berkshire Hathaway recently made an initial foray into India’s insurance market.

He said he was looking forward to making more large investments in the country.

Berkshire Hathaway made an entry into the Indian non-life insurance sector as a corporate agent of Bajaj Allianz General. India currently allows only 26 percent foreign investments in insurance businesses. However, officials in the country are considering increasing that threshold to 49 per cent.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Cambodia HIV Outbreak: 100-Plus People Diagnosed; Investigation Sought

Friday, 19 Dec 2014 18:50 PM

More than 100 HIV infections in a single Cambodian village have spurred the country's prime minister to ask for an inves . . .

Slender Man Case: Two Girls Competent to Stand Trial in Stabbing

Friday, 19 Dec 2014 18:26 PM

Two girls who allegedly stabbed a 12-year-old friend over the online game Slender Man are competent to stand trial for a . . .

Kate Upton Sexiest Woman Alive; Model Apologizes to Teen Brother

Friday, 19 Dec 2014 17:52 PM

Model Kate Upton was selected as People magazine's first Sexiest Woman Alive, a month after Chris Hemsworth received the . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved