‘India’s green energy sector to attract $800 bn investment’
Bank of America predicts that investment in India's green energy sector could reach $800bn over the next decade, with Indian corporates, foreign investors and sponsors contributing. The country is a natural destination for strategic investors aiming for net-zero targets, said Debasish Purohit, co-head of investment banking for Bank of America in India. The bank expects $250bn investment in the renewable energy sector, $250m in batteries, and $300bn in total investment for supporting grid infrastructure, green hydrogen, equipment and systems. Reliance Industries, Adani and the Tatas have all outlined green energy investment plans.