Citing its tremendous potential for growth, Prem Watsa, CEO of Fairfax Financial, tells BNN Bloomberg that he “can’t think of a better country to invest in than India.”
IT, manufacturing, and start-up companies are all flourishing in the South Asian country, and Fairfax Financial’s original investment in India is growing, with plans to deploy much more capital there over the the next 10 years.
Fairfax has poured about $5 billion into their Indian investment, with two-thirds of that money held by institutional and individual investors and one-third held by the company, and about 300,000 employees at Fairfax India. While Fairfax is a global company with money all over the world, Watsa told Bloomberg that if he had to choose one country to invest it, it would be India.
“But you have to be careful,” he said in the interview, adding that Fairfax is helping other companies to move into India by directing them to strategic partnerships. He also noted that there is always political risk but said that in spite of that India would always continue to grow, especially under the current Prime Minister, Narendra Modi, and continue to be a source of growth for the world.