"So if we just look at the whole renewable energy segment, which is something which we’ve seen over the last 2-3 years, the government has essentially said that it wants to have 500 gigawatts of renewable energy by 2030," Bank of America's Asit Bhatia said.
"I think we’re at 80-100, which is a massive plan for the next eight odd years, but that probably requires an investment of $500 billion... Likewise, investments coming into the EV space, like I talked about the Tata Motors' transactions.. we’ve seen Tatas take a bit of headstart, but there are other players, who will ultimately announce plans to ultimately enter this space. So we see significant amount of investments happening in this space over the next few years," he said.