Around 11 to 20 per cent growth is expected in the Industrial sector
The VACB officials also asked different questions about the incident to check the veracity of Ramesh's statement. The two bar owners were among the 13 specified by Ramesh as those who had handed over Rs 1 cr to Mani. (Photo: DC/File)
Mumbai: Bank of America Merrill Lynch expects capex revival for India. Cites pent-up demand, governments focus to ease bottlenecks as key factors. Says expect $360 billion in orders over FY15-17 translating into a ‘robust’ 11-20 per cent growth for the industrials sector.
Keeps 'buy' on Larsen & Toubro, Crompton Greaves, Bharat Electronics and Voltas. Keeps 'underperfrom' on Bharat Heavy Electricals, ABB India, Cummins India and Siemens India.
( Source : reuters )
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