Bullish about India, Fairfax here for long term: Canada billionaire Watsa

Fairfax doesn't invest in new-age companies, looks at long-term track records, he says

Canadian billionaire Prem Watsa today said that he is excited about India and Prime Minister Narendra Modi, for bringing in dramatic changes in the country.

Speaking at the sidelines of 50th Anniversary of Chemplast Sanmar, a Sanmar Group Company into which Fairfax has invested around $300 million, he said for a long time, business was not a good thing in India, it was something that was not proud about, but things have changed.

"I am more excited about India because of the opportunities. Prime Minister Mr Modi, in front of our eyes, is causing dramatic transformative changes