L&T committed to reduce dependency on products from China

As the 'boycott Chinese products' sentiment gathers momentum in the country, Larsen & Toubro's Chief Executive Officer SN Subrahmanyan said that the country should accelerate efforts to reduce dependence on Chinese products.

After the Indian and Chinese armies had skirmishes at the border, Indians across the country have been calling for a total boycott of all chinese products. L&T said that it is fully supportive of the government of India’s initiatives of 'Atmanirbhar Bharat Abhiyan', aimed at self-reliance, and will contribute towards it.

"We 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. The atmosphere is right for that and we should accelerate this," Subrahmanyan, CEO and managing director said in a statement.


L&T said it is committed to achieving self-reliance for the domestic industry by creating a strong and feasible ‘Make in India’ ecosystem.

"With an unfortunate incident involving our brave soldiers at our border, sentiments are running high in the 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 locally through ‘Make in India’," he said.

L&T said that it is nurturing the local manufacturing and construction ecosystem involved in producing efficient and cost-effective substitutes for the global markets.

"As a long-term proponent of Make in India, Larsen & Toubro has been contributing for almost all key engineering and technological developments in the country for over eight decades. It played a significant role in the construction of almost all nuclear reactors for the power generation," the company said.

L&T managed to achieve 80% localisation in its 155mm/52 calibre tracked, self-propelled ‘K9 Vajra-T’ guns, supplied to Indian army.