| Source: | | | | Goldman Sachs also plans to set up its businesses in |
| US-based global investment banking major Goldman | | | | the country, including investment banking and asset |
| Sachs today said it will invest one billion dollar in India | | | | management. |
| for expanding operations in sectors like real estate | | | | Indian market represents a tremendous growth |
| and infrastructure. | | | | opportunity, he said, adding that more than ever |
| "The company will make capital investment of one | | | | there was a compelling case for us now to build an |
| billion dollar across sectors including real estate and | | | | onshore presence that is fully integrated with our |
| infrastructure over the next two years," Goldman | | | | global businesses. |
| Sachs India LLC CEO L Brooks Entwistle said on the | | | | "We are in the process of building all our businesses in |
| sidelines of a CII conference. | | | | the country over a period of time and we have long |
| "India is increasingly playing an important role in the | | | | term commitment to the country," he said. |
| world economy. We believe in this country's | | | | Currently, Goldman Sachs has its offices in Bangalore |
| long-term story," he said. | | | | and Mumbai. Bangalore office employs more than |
| Without singling out any particular sector, he said: | | | | 1,000 employees while its Mumbai office has a staff |
| "We are looking at all sectors for investment in the | | | | strength of around 40. |
| country." | | | | |