LARSEN 2 LAST (BCM15)

He also expressed the hope that in the coming years, He also expressed the hope that in the coming years,digital levers on profitability and growth will extend deeperinto the organisation, alter processes and yield dramaticallysuperior outcomes. Group companies L&T Infotech and L&T Technology Serviceswill play a key role in this process, he said, adding that forour technology arms, these enterprise-wide initiatives willact as a ready-to-market showcase, enhancing client confidencein their capabilities. On the economy, Naik said, "We are at the cusp of aturnaround. All indicators are positive. The government thruston infrastructure and the make in India initiatives provide arange of opportunities for L&T." The opening up of the Defence sector will lead to businessopportunities worth Rs 13 lakh crores over the next 10 years,he said and added with the resolution of issues relating tofuel supply and a clearer understanding on nuclear liabilityissues, the Nuclear Power sector is expected to growsignificantly in the years ahead. Being one of the largest players on nuclear energy front,L&T stands to gain a lot from this nuclear power sector as theissues relating to fuel supply and a nuclear liability hasbeen resolved, he said. Further, he said, the estimated business opportunity fromthis over the next 10 years is around Rs 50,000 crore. On the infra front, the Chairman said over 1,000 projectsworth over Rs 14 lakh crore are in the pipeline in areas likeroads, ports, airports, railheads. "L&T has both the expertise and the track record to makethe most of each of these opportunities. Over the years, wehave set benchmarks, only to surpass them ourselves," he said. On the ongoing technology-driven leadership drive at thecompany, Naik said, "this is more than a statement of intent.It is at the heart of the new L&T. Our mission is profitablegrowth through technology leadership". "Since 2000, we have developed and rigorously implementeda five-year strategic planning process. We are now in thefourth wave of this programme," he said. To achieve the set objectives, the company has partneredwith two global strategic consultancies to obtain an’outside-in’ perspective of our businesses, Naik added. PTIPSK BEN NSK NAMABIRDS