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L&T Group Chairman lists reforms India needs for Aatmanirbhar Bharat

L&T Group Chairman lists reforms India needs for Aatmanirbhar Bharat

L&T Group Chairman lists reforms India needs for Aatmanirbhar Bharat

L&T Group Chairman lists reforms India needs for Aatmanirbhar Bharat – The best capturable moment to diminish external dependencies because the world is witnessing a groundswell of opinion against China and seeking viable alternative supply sources said L&T Group Chairman A M Naik as he urged the govt introduce much-needed reforms in land acquisition, competency & skill-building to realize desired outcomes under ‘Aatmanirbhar Bharat’.

By addressing the shareholders at a time when the state is grappling with a worldwide pandemic, while simultaneously gearing itself for a phased reopening of the economy, and preparing for all times beyond COVID-19, Naik remarked the shareholders about the simmering tensions along our northern border have precipitated an anti-China sentiment within the country. the planet too is witnessing a growing groundswell of opinion against China, and seeking viable alternative sources of supply as we think this is often the opportune moment for the govt of India and Indian industry to act in unison to minimize our external dependencies and enhance self-reliance,” Naik said.

‘Aatmanirbhar Bharat’ has resonated across the country, he said, adding to make sure that the Prime Minister’s thrust on self-dependence achieves the specified outcomes swiftly, it’s essential for the govt for many reforms in several areas including skill-building, land acquisition, and competency.

In tandem, the administration would have best to streamline processes and accelerate the pace of deciding, he added. “We are confident that if these measures are adopted and if the state remains united, our determination and resolve will enable us to beat the challenges ahead,” Naik noted.

Larsen & Toubro, he said, stands by the country and its leadership during this hour of need, and as an honest corporate citizen with a social conscience, the corporate skilled by the virus with monetary and material assistance in this pandemic.

Over 150 crore for the PM CARES fund in FY 2019-20, has been contributed by L&T, at the group level, and further donated medical equipment, including personnel protective equipment worth Rs 40 crore to states across the country.

Regarding the plight of daily wage earners, we took it upon ourselves to make sure that the 1,60,000 contract workmen at our project sites received excellent care with continued to provide shelter and medical assistance, wages, food while maintaining prescribed COVID-19 preventive & containment protocols as it has involved an outlay of roughly Rs 500 crore per month,” he said.

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