Hyderabad: Investment banking firm Goldman Sachs has recognized the city as another area for its worldwide shared administrations impression in India.

“The new Hyderabad office will be the second area for Goldman Sachs Services in India, and will supplement the Bengaluru office impression regarding both execution and backing that it will give to the company’s organizations around the world,” a delivery from the state government cited the firm as saying on Thursday.

Agents of Goldman Sachs, in a video meeting, communicated with Telangana Minister for IT and Industries KT Rama Rao and disclosed their arrangements to go to the city, the delivery said.

The new office is relied upon to get utilitarian in the second 50% of 2021 with around 500 representatives, and has potential for future development.

It will use the skill of the current authority in the Bengaluru office, while putting resources into a solid pool of serious elite neighborhood ability, it said.

KTR expressed that the administration will offer total help to the firm in their future endeavors, the delivery included.