Billionaire Prem Watsa to double investments in India after meeting PM
Indian born Canadian billionaire Prem Watsa will soon invest another $5 billion in India in the coming five years, thus, doubling his investment. Watsa is the chairman of $70-billion Trornto-headquartered Fairfax Financial Holdings.
Hyderabad-born Watsa, who recently met Prime Minister Modi in New Delhi recently said, “I think this is the number one country in the world. It contributes nearly three per cent of the world’s GDP but has only a per cent share of global investments. If this figure were to just double to two per cent, it would mean nearly $3 trillion of investments flowing into India.”
The Canadian investor said he was not worried about the growth slowdown. He said that India offers an unusual opportunity.
The Canadian investor has stakes in several entities in India, including the Bengaluru International Airport, and Kerala-based private Catholic Syrian Bank.