Warren Buffet Coming to India - What Might be on His Shopping List

Recently, there were news reports that Warren Buffett plans to visit India next March, and has not ruled out making an investment in India.

These news reports went on to indicate that Buffett might consider entering India's insurance market through his insurance subsidiary, but that he was wary of India's foreign investment sectoral caps.

What Might be on His Shopping List?
Now, as lay people, we knew Buffett as an astute investor, known for his ability to identify companies with favourable long term prospects, solid cash flows, reputed management, and at a reasonable margin of safety.

In an earlier post, I had mentioned some of Buffett's stock picking criteria. My humble request to Mr. Buffett is to not get disheartened by India's myriad and sometimes counter-productive rules and regulations. Maybe he will be best served if he made a mobile phone call to Mr. Sunil Bharti Mittal.

Mr. Mittal's company - Bharti Airtel, is India's largest telecom company, enjoys superior cash flows and financial ratios, and has a great management team. What's more, it is currently trading at P/E ratios < 12, which is much below the Sensex & Nifty. The company has been one of the worst performers in the index over the past 1.5 years. Airtel is in a business which is probably going to be around for the next 50 years, and this is something Mr. Buffett really lays great stress on when he makes his investments.

So once again, this humble investor, would like to request Mr. Buffett to make the call to Mr. Mittal. He might just like what he hears.