Goldman Sachs to invest $1 bn in India

Tuesday, 19 September 2006, 07:00 Hrs
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New Delhi: US-based global investment management firm Goldman Sachs said today that it would invest $1 billion in real estate, infrastructure, private equity and other businesses in India over a period of two years.

"We are very strongly looking at the Indian market and plan to do capital investments of about $1 billion over a period of two years," said Brooks Entwistle, chief of Goldman Sachs India LLC, on the sidelines of the India Leadership Initiative conference here.

The firm is also looking at hiring people for its Mumbai and Bangalore offices. Currently, it boasts of over 1,000 headcount in Mumbai and 40 in Bangalore.

"We will continue to invest in India and are looking across all the sectors," Entwistle told reporters.

As part of its India strategy, he said: "The company also has plans to start its own investment banking and securities business in India."

Source: IANS
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