New Delhi: US-based global investment management firm Goldman Sachs said on Tuesday 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 chief of Goldman Sachs India LLC, Brooks Entwistle, on the sidelines of the India Leadership Initiative conference.
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."
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