Committed to achieving self-reliance for the domestic industry: L&T

As political pressure mounts on firms to reduce imports from China, Larsen & Toubro (L&T) on Tuesday said it is committed to achieving self-reliance for domestic industry by creating a strong and feasible ‘Make in India’ ecosystem.

SN Subrahmanyan, chief executive officer and managing director of L&T, referring to tensions at the India-China border said, “With an unfortunate incident involving our brave soldiers at our border, sentiments are running high in the country.” He added that L&T firmly stands with the policy of manufacturing products locally through ‘Make in India’.

Subrahmanyan said the country “can drastically reduce our dependency on imported products, including those from China, by putting processes and systems in place to develop a large-scale, efficient and cost-effective domestic industrial ecosystem over a medium to long term.”