Sunday, January 28, 2007

Goldman Sachs commences operations in India

jan 28th, 2007

alas, ananth may be right. this may explain the extreme bullishness exhibited by goldman sachs.

on the other hand, the big ibanks entering india is good news. it means they expect massive growth, and what's more, they'll talk things up so that such high growth does occur. also remember that the treasury secretary poulson is a former goldman sachs guy.

---------- Forwarded message ----------
From: Ananth

Perhaps, this is a partial explanation for the latest bullish report of GS on India wherein they project an annual average GDP growth rate of 8% in India, up to 2020.

Financial Times

Goldman joins rush to provide services to India
By Joe Leahy in Mumbai

Published: January 10 2007 02:00 | Last updated: January 10 2007 02:00

Goldman Sachs is poised to begin stockbroking and advisory services in India, joining a growing number of international investment banks that are either expanding operations in the country or starting from scratch.

The bank, which has spent much of the past year building a new team after splitting with local company Kotak Mahindra Bank in March, received licences for investment banking and stockbroking operations in the country in December.

It has so far hired 60people for its investment banking, securities trading, asset management and private equity businesses. India has been attracting growing interest from global investment banks because of a boom in its equity markets and rising interest among its companies in overseas mergers and acquisitions.

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san said...

Here is an article on the concept of the "CoreWall," which is a pre-fabricated component packed with utility infrastructure and that can be used as a centrepiece to build a house around:

So the CoreWall is made in a factory under stringent quality standards, and is densely packed with all the useful wiring, piping and other useful utility hookups to run a home. The CoreWall is then carted off to the site of the home construction, where it is then used as the key component around which the house is built.

In this way, anyone can have a high-tech home with all the useful amenities, as these all spring from this one central component, the CoreWall. I would think that this could be particularly useful for the Indian homebuilding industry, where general labour is cheap but technology is not. Concepts like the CoreWall could then be very complementary to the strengths and weaknesses of the Indian homebuilding market.

Here is an example of a floorplan based on the CoreWall concept:

Like I said, I think this type of approach could easily benefit the Indian home-building market. By building it in a factory under stringent standards, rather than as the typical wall built locally onsite, it could even improve the safety of the average Indian home.

Shahryar said...

This "CoreWall" concept is very interesting.

Reminds one of the late Buckminster Fuller's designs for "Dymaxion Bathroom" - a prefabricated integrated unit with all necessary functional bathroom fixtures - which he patented back in 1938!