News: Goldman Sachs to invest $1b in India

(PTI 19/09/2006) New Delhi - Goldman Sachs will invest $1 billion in India over the next two years for expanding operations in sectors such as realty and infrastructure, L Brooks Entwistl, CEO of Goldman Sachs India, said.

"India is increasingly playing an important role in the world economy," he said.

Goldman Sachs also plans to set up its investment banking and asset management businesses in the country. "We are in the process of building all our businesses in the country over a period of time and we have long term commitment to the country," he added.

Currently, Goldman Sachs has offices in Bangalore and Mumbai