Goldman Sachs to invest $1 bn in India
US-based global investment banking major Goldman Sachs said it will invest $1bn in India for expanding operations in sectors like real estate and infrastructure.
By Agencies |
US-based global investment banking major Goldman Sachs said it will invest $1bn in India for expanding operations in sectors like real estate and infrastructure.
“The company will make capital investment of $1bn across sectors including real estate and infrastructure over the next two years,” Goldman Sachs India LLC CEO L Brooks Entwistle said on the sidelines of a CII conference.
“India is increasingly playing an important role in the world economy. We believe in this country’s long-term story,” he said. Without singling out any particular sector, he said: “We are looking at all sectors for investment in the country.”
Goldman Sachs also plans to set up its businesses in the country, including investment banking and asset management. Indian market represents a tremendous growth opportunity, he said.
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