Goldman Sachs to invest 1bn dollar in India

NEW DELHI: Global investment banking major, Goldman Sachs on Tuesday said it would invest one billion dollar over the next two years in the country for business expansion.

"The company will make capital investment of one billion dollar over the next two years as Goldman Sachs has long term view on the Indian market," Goldman Sachs-India CEO L Brooks Entwistle said.

Currently, Goldman Sachs has its offices in Bangalore and Mumbai.

"We are very bullish on India and we want to have all our businesses including asset management in the country over a period of time, he said.