March 22, 2011 – BANGALORE (Reuters) - Billionaire investor Warren Buffett said on Tuesday he was looking to invest in large countries like India.
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"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 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 U.S. specialty chemicals maker Lubrizol <LZ.N> for $9 billion, was looking for more large-scale acquisitions anywhere in the world.
(Reporting by Sayantani Ghosh and Santosh Nadgir; Writing by Sumeet Chatterjee; Editing by Bryson Hull)