Reuters Market Eye - 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 pct growth for the industrials sector.
Keeps "buy" on Larsen & Toubro
Keeps "underperfrom" on Bharat Heavy Electricals
Maintains "neutral" on Thermax.
(Reporting by Abhishek Vishnoi)
