[email protected] August 15, 2020


This April, the Centre set a target of constructing roads worth Rs 15 lakh crore in the next two years.

AIMING HIGH L&T CEO & MD S.N. Subrahmanyan (centre) at the Statue of Unity project site in Gujarat

India ranked 44th in a list of 167 countries in the World Bank’s Logistics Performance Index for 2018, an indication that the country has a long way to go before achieving optimal infrastructure development across the board, be it power, roads, bridges, dams or urban renewal projects. Last December, finance minister Nirmala Sitharaman unveiled projects worth Rs 102 lakh crore, to be implemented over the next five years, as part of an infrastructure push. The Centre and the states will execute 39 per cent each of these projects, the remaining being with the private sector. These will cover power, railways, urban irrigation, mobility, education and health. This April, the Centre set a target of constructing roads worth Rs 15 lakh crore in the next two years.

India is also witnessing significant interest from global investors in the infrastructure space, where private equity and venture capital investment touched an all-time high of $14.5 billion (Rs 1.08 lakh crore) in 2019 while seven merger/ acquisition deals worth $1.46 billion were struck. Experts say India can drastically reduce dependence on imported products by developing an efficient domestic industrial ecosystem. Larsen & Toubro has been developing a strong supply chain of local vendor partners and nurturing a local manufacturing/ construction ecosystem that creates cost-effective substitutes for the global markets. Such models will make the sector more self-reliant and give companies the edge in securing high-value projects globally.

Larsen & Toubro

ESTABLISHED: 1938

Heavy Lifters

Larsen & Toubro (L&T), the $21 billion (Rs 1.58 lakh crore) technology, engineering, construction, manufacturing and financial services conglomerate, is synonymous with some of the marquee projects in India and West Asia, be it the integrated construction of 11 world-class airport terminals in India and the Gulf; the manufacturing of critical components and systems for Indian space missions and the country’s first nuclear-powered submarine; hydrocarbon projects in India, West Asia, Southeast Asia and Africa; or creating infrastructure for the 2019 Kumbh Mela at Prayagraj attended by millions of pilgrims.

Over the past eight decades, L&T has built a reputation for quality, reliability and strong customer orientation. L&T’s products, including high-tech process plant equipment, have been installed in over 30 countries. It has been contributing to Indian defence and aerospace for over 35 years, most recently the tracked self-propelled howitzer, K9-Vajra-T. L&T has built over 50 defence ships and contributed to the development of ISRO’s PSLV and GSLV programmes and the Mars Orbiter and Moon missions.

By M.G. Arun



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