Perfect markets are not necessarily ideal places where you can get fantastic returns. India has a strong society and institutions, but implementation continues to be a challenge. Inability to access land at a reasonable price continues to be a constraint on development of a lot of businesses.
Also Read: Warburg aims for $8 billion investments in 10 years in India What are negatives and areas to improve? CK: There are, of course, a number of legacy issues requiring attention, such as land and labour.
Our approach has always been flexible, covering both minority and majority investments and startups through to more mature companies. However, over time, our strategy has remained consistent. Our broad areas of focus span retail, financial services and inclusion, export services, logistics, internet/technology and telecommunications through to energy. India is a place to respect to people - not only the time when people and businesses are flourishing, but also in difficult times. We are fully focused on growth, and do not have a controlled/leveraged mentality but have a growth, partnership building mentality. Finding the right management and right investment themes is critical for us. JL: Across all the sectors we participate in, we are really participating in the growth of the economy. The calibre of people, in that sense, has always been impressive. I think over the last few years, under PM Modi, there has been some sort of reenergized excitement.įrom an investment point of view, we are seeing a much broader calibre of entrepreneurs. But in the 2000s, with the big run-up in the markets, India had some sort of unmatched expectations, especially during the last years of the previous administration. A lot of the early investments we made were buying stakes in well managed companies with high integrity.
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