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‘India Will Be Best Place To Put Money’: Billionaire Investor Prem Watsa On Return Of Modi Government
Prem Watsa in Toronto (Pic by செல்வா via Wikipedia)
Following the landslide victory of the BJP-led NDA in the Lok Sabha elections, billionaire investor and chairman of Fairfax Financial Prem Watsa has expressed his optimism about betting on India’s economic growth, reports Mint.
Watsa remarked that the they had established Fairfax India only after BJP leader Narendra Modi came to power. He also said that the the coming five years would be transformative for the Indian economy.
“Over time, we’ll raise money in Fairfax India and over time, we’ll have many ways of putting more money into India. We think India will be the single best place to put money in the future," Watsa said.
The veteran investor revealed that till now his company had made investments to the tune of 3.7 billion US dollars in India, including picking up a stake in the Catholic Syrian Bank ltd.
Talking about views that were apprehensive of rising Hindu nationalism under a Modi government, Watsa explained why that was not a cause for concern.
“That’s a very small component of the BJP party and I think Mr Modi has said clearly he’s all-inclusive, he’s focused on economic growth for everyone," he stated.
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