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Mumbai, Sep 29 (UNI) Engineering and construction major Larsen and Toubro (L&T) proposes to invest around USD 150 million abroad, majority in the Middle East countries and China, over the next 18 months.

According to L&T Chief Financial Officer Y M Deosthalee, the Company will set up a fabrication plant in the Mid-East and it is looking for a Chinese joint venture partner for rubber processing.

It is also exploring the possibility of setting up another manufacturing centre overseas, Mr Deosthalee said.

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