Billionaire Prem Watsa believes that India has laid the groundwork to achieve double-digit growth, which is necessary for the country to become a developed nation. With his $97-billion company Fairfax Financial Holdings, Watsa is confident in India’s potential for growth.
During a recent visit to India, Watsa had the opportunity to meet with Prime Minister Narendra Modi. He praised Modi’s efforts to improve the ease of doing business in India and emphasized the importance of supporting businesses to create jobs and drive economic growth.
Watsa, an alumnus of IIT-Madras, has a $7 billion investment portfolio in India and is committed to doubling that amount. His investments in India include stakes in companies such as Bengaluru International Airport Ltd, Thomas Cook India Ltd, and CSB Bank.
Despite his success, Watsa remains humble and focused on long-term growth. He has no intention of selling Fairfax and is dedicated to maintaining its values and culture for future generations. With his impressive track record, Watsa has earned the nickname ‘Canada’s Warren Buffet’.
Overall, Watsa’s optimism for India’s future economic growth is a testament to the country’s potential and the opportunities that lie ahead.
