by The Author on June 23, 2020
Mumbai, June 23, 2020: Larsen & Toubro, India’s leading multinationalengineering, construction, technology, and financial services conglomerate iscommitted to achieving self-reliance for the domestic industry by creating a strongand feasible ‘Make in India’ ecosystem. L&T takes pride on being at the forefront ofcreating projects and products, some of the largest, biggest, and longest in the world– all made in India.
Explaining this, Mr SN Subrahmanyan, CEO & MD, L&T, said: “With an unfortunateincident involving our brave soldiers at our border, sentiments are running high inthe country. As a company involved in nation-building for more than eight decades,we firmly stand with the policy of manufacturing best-in-class products locallythrough ‘Make in India’.”
“We can drastically reduce our dependency on imported products including thosefrom China by putting processes and systems in place to develop a large scale,efficient and cost-effective domestic industrial ecosystem over a medium to longterm. The atmosphere is right for that and we should accelerate this. We are fullysupportive of the Government of India’s initiatives and will do our best to contributeto Atmanirbhar Bharat Abhiyan,” added Mr Subrahmanyan.
The company has been involved in developing a strong supply chain of local vendorpartners in its businesses like it did for over 80% localization for its 155mm/52 calibretracked, self-propelled ‘K9 Vajra-T’ guns, supplied to Indian army. It is also nurturingthe local manufacturing and construction ecosystem involved in producing efficientand cost-effective substitutes for the global markets.
As a long-term proponent of Make in India, Larsen & Toubro has been contributingfor almost all key engineering and technological developments in the country forover eight decades. It played a significant role in the construction of almost allnuclear reactors for the power generation. It is also at the forefront of constructionof key national buildings, monuments and factories, construction of transportationand smart urban infrastructure, supporting defence forces by providing cutting-edgeproducts and supplying critical components for Indian space programs.