The US investment firm Goldman Sachs looking to invest close to $1 billion in India over the next three to four years through private equity bushiness. Given the growing importance of India on the global economic map, its a good bet that none of them want to be seen as losing out and Goldman Sachs is now set to invest in India's real estate, infrastructure, private equity and other businesses in India over a period of two years.
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.
As part of its India strategy, the company also has plans to start its own investment banking and securities business in India and the goal is to invest $200-300 million a year.
The firm's primary investment strategy is one known internally as "platform builds", under which it sets up a business from scratch with a professional entrepreneurial team or acquires a large stake in a professional team to scale up the business and brings in a professional team to scale up the business. The investment bank first executed this in India through ReNew Power Ventures Pvt. Ltd.
In the Asia Pacific region, Goldman has operations in Australia, New Zealand, Japan, Hong Kong, Singapore, Taiwan, Korea, China and Thailand.