28 March 2024 – The Middle East is expected to continue to play a very important role for us in terms of opportunities, particularly in the energy sector as well as in the power transmission and distribution sector, where we are executing quite a few large solar parks and energy transition-related projects.
There will also be certain opportunities emerging from infrastructure. Still, then we will be much more selective in our approach, according to Subramanian Sarma, Whole-time Director & Sr. Executive Vice President (Energy), L & T. Thus, I believe the future is looking extremely promising.
Please tell us the approximate size of L&T’s Middle East market now and what it may grow to in the next three to five years. Subramanian Sarma: For a considerable amount of time, L&T’s most significant market has been the Middle East.
Conclusion
We have been operating there for almost 20 years, and the market is expanding quickly. Without a doubt, our Middle Eastern market share has increased over time.
