The world's third richest billionaire, Warren Buffett on Wednesday expressed his willingness to do business in India and to look at acquisitions when opportunities come up.
“I look forward to do business in India. I came here with enough knowledge of the Indian economy and that has been reinforced”, Buffett said.
During a meeting with Karnataka Chief Minister BS Yeddyurappa and later at a meeting organised by the Confederation of Indian Industry (CII), Buffett said India is a country on the move and hailed the state for attracting global investments.
Lauding the state government for doing the right thing to attract global investors, Buffett said he made the right decision to land first in Bangalore on his maiden trip to India and was delighted to be in this tech hub.
“You are doing the right thing. I couldn’t feel more delighted to be here. This is my first trip to India and I landed first on Bangalore soil. I think I made the right decision. I could not feel more welcome and people are wonderful”, Buffett said.
Overwhelmed by the welcome, Buffett said, “They treated me much better in India than they do in the United States and I am touched by the Indian hospitality.”
Referring to his philanthropy, Buffett said he would talk to Indian billionaires on what he was doing in the area and how to give back more to society.
“We are not here to pressurize anybody. Everybody has his own understanding of philanthropy. I will be talking to Indian billionaires about our philanthropic activities and find out what they are doing”, Buffett pointed out.