IT major thrust areas for L

Mumbai, June 9 (UNI) Information Technology is a major thrust area for the Larsen&Toubro (L&T) group and we want L&T infotech to be one of the most valuable IT companies in India, deriving strength and synergy from its parent company, said Mr A M Naik, CMD, L&T and Chairman, L&T Infotech Ltd here today.

Inaugurating the Global Headquarters of L&T Infotech Ltd, Mr Naik outlined his vision of expansive growth for L&T in this millennium on the twin themes of major export thrust for all of L&T's products and global solution foray in the knowledge business, encompassing information technology, engineering services and other engineering and professional process outsourcing.

The key differentiator in such a global solutions foray is focusing on niche verticals and maximizing value-adding solutions and services to global corporations, he said adding that Infotech will thus play a key role in further strengthening the L&T brand globally. ''L&T infotech focus on BFSI Manufacturing and Communications industry segments. In the Manufacturing space, we are looking at Energy&Petrochemicals, Hi-tech, Auto and Construction Equipment, Packaged Goods, Industrial Products and Process Industries. We believe these segments offer tremendous growth opportunities and we should be able to realize our revenue targets with our domain-specific offering since as a major theme. We are moving from business to IT,''Mr Naik stated.

Our target is to be a billion dollar company by the turn of the decade. I belive we can achieve this by delivering consistency, repeatability and scalability in our offerings,'' Mr Naik concluded.

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