Mr. Warren Buffet, world-renowned investor, and American business magnate spoke about IITs and India after participating in a session with shareholders of Berkshire Hathaway. Speaking about the progress of India, Mr. Warren Buffet explained that he is not concerned about the global economic environment, and indicated that the United States (US) will prosper if rest of the world prospers.
He further advised that the people should keep on investing in the strong businesses. Pointing the scenario in 1950, he expressed that during those days there was less competition and making an investment was an easy task. However, in the current scenario, people and businesspersons restrict themselves to make investments due to heavy competition.
Highlighting the role of IITs in the development of the country, Mr. Buffet pointed that India has an excellent future due to the brainpower it has. Quoting the words of Mr. Bill Gates, Founder of Microsoft, Mr. Buffet pointed that he always used to say that he would hire people from Indian Institutes of Technology. It reveals that IITs have the potential to produce highly skilled and a competent workforce.
Mr. Buffet also said that he was amazed to witness the hospitality of India during his earlier visit in 2011. The potential in India is highly incredible, he added.
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Appreciating the huge and enormous market in India, Mr. Buffet expressed that no one can ignore to invest in India. He mentioned that he would invest in India, and hire people from the premier institutes. He concluded that he would be in India if there was good value company for sale.