Buffett is in Bangalore to visit the local arm of TaeguTec, a unit of Israeli metal-cutting tool maker ISCAR Metalworking, in which Berkshire has a majority stake. He is also expected to meet policymakers and company executives.Buffett, nicknamed the Oracle of Omaha, a reference to his prodigious skill in picking out great investments that are followed closely by investors, and his Omaha, Nebraska origins, said he was looking at investing in industries with modest rates of change.He said he liked large countries like India, China, Brazil, United Kingdom and Germany. "I don't consider India as an emerging market, I consider India as a very big market," he told reporters. "We continue to look at large countries like India."Buffett in South Korea on Monday said Berkshire, which had US$38 billion (£23.2 billion) of cash equivalents at the end of 2010, was looking for more large-scale acquisitions anywhere in the world. Reuters
