Anti-China sentiments in the country are on a rise, post the incident at Galwan Valley, where brave Indian soldiers laid down their lives. Now L&T has said it will reduce its dependence on Chinese products.
By Varun Singh
Larsen & Toubro, one of India’s leading multinational engineering, construction, technology, and financial services conglomerate has announced that it will reduce its dependency on imported products including that from China.
The company says that they are committed to achieving self-reliance for the domestic industry by creating a strong and feasible ‘Make in India’ ecosystem.
Explaining this, SN Subrahmanyan, CEO & MD, L&T, said, “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’.”
“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. We are fully supportive of the Government of India’s initiatives and will do our best to contribute to Atmanirbhar Bharat Abhiyan,” added Subrahmanyan.
The company has been involved in developing a strong supply chain of local vendor partners in its businesses like it did for over 80% localization for its 155mm/52 calibre tracked, self-propelled ‘K9 Vajra-T’ guns, supplied to Indian army. It is also 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. It is also at the forefront of construction of key national buildings, monuments and factories, construction of transportation and smart urban infrastructure, supporting defence forces by providing cutting-edge products and supplying critical components for Indian space programs.
Last week the apex developers body CREDAI had decided to reduce its dependency on Chinese imports.
With every passing day, the Anti-China sentiments are on a rise in the country, because of the way they are behaving.
There are two reasons for the Anti-China mood in India firstly the lockdown due to the Chinese Virus and secondly its interference at the Indian border.
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