Chairman's Statement

FY 2019-20  
A M Naik

Dear Shareholders

I am addressing you at a time when the nation is grappling with a global pandemic, while simultaneously gearing itself for a phased reopening of the economy, and preparing for life beyond Covid-19. Further, simmering tensions along our northern border have precipitated an anti-China sentiment within the country. The world too is witnessing a growing groundswell of opinion against China, and seeking viable alternative sources of supply. I believe this is the opportune moment for the Government of India and Indian industry to act in unison to minimise our external dependencies and enhance self-reliance.

Our Hon’ble Prime Minister’s call for ‘Aaatma Nirbhar Bharat’ has resonated across the country. To ensure that the PM’s thrust on


self-dependence achieves the desired outcomes swiftly, it is essential for the Government to introduce much-needed reforms in several areas including Land Acquisition, Competency & Skill Building. In tandem, the administration would do well to streamline processes and accelerate the pace of decision making.

We are confident that if these measures are adopted and if the nation remains united, our determination and resolve will enable us to overcome the challenges ahead. Your company, as always, stands by the country and its leadership in this hour of need.

Right from the onset of the pandemic, L&T adopted stringent safety measures to ensure the safety and wellbeing of its people and stakeholders. As a good corporate

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