Infra sector needs $1.7-trillion investment in 10yrs: Goldman Sachs

MUMBAI: Investment banking company Goldman Sachs on Friday said India's infrastructure story is going to be big and the country will require $1.7-trillion investment in the next 10-years for the sector.

"There are many opportunities in the infrastructure sector in India. The country will need $1.7-trillion of investment in the next 10-years for infrastructure," Goldman Sachs' managing director and CEO, Brooks Entwistle, said here at a conference.

The investment would come more from the domestic market than overseas, he said.

"It (investment) will not come from overseas but much of it will come domestically from banks, savings and development of a sophisticated bond market," he said.

He also said that the organised retail sector would be exciting in the country this year.

On India's divertment programme, he said "we are encouraged by the divestment programme in India and it is going to pick up pace."