Buffett bowled over by Indian hospitality


Bangalore: Indian hospitality today received a strong endorsement from the world’s third richest man, Warren Buffett, who said he was treated much better here than back in the US.

“I am just overwhelmed by the welcome I have received from the moment we got here. They treat me much better in India than they do in the United States,” said the Chairman and CEO of Berkshire Hathaway at a brief meeting with Karnataka Chief Minister B S Yeddyurappa early this morning.

“I want to transport all this… I believe in free trade,” he said in a lighter vein.

“This is my first trip to India and the first foot I placed on Indian soil was in Bangalore… and it won’t be the last,” said the 80-year-old billionaire.

“We want to be where the action is and the action is here,” Buffett, who on March 22 admitted to having made a late entry into India, said. Buffett, who viewed a short presentation on investment opportunities in Karnataka and the Global Investors meet held in 2010, said he was impressed by the speed of implementation of the MoUs signed during the Investors Meet.

“It is very impressive,” he said, lauding the efforts of the Karnataka government in facilitating the establishment of a Nestle food processing plant in a short timeframe of barely 10 months.

Yeddyurappa extended an invitation to Buffett to be the chief guest at the Global Investors Meet in 2012 during the nearly half-hour-long meeting.

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