Indian Larsen&Toubro in cooperation talks with Belarus
MUMBAI, 2 September (BelTA) – The Indian company Larsen&Toubro is interested in cooperation with Belarus, BelTA learnt from the company’s office in Mumbai.
According to the Indian company, talks with Belarus are underway. The sides are considering the possibility of implementing joint projects. Belarus attracts Larsen&Toubro as a country with a high technological potential. “We have interest both in Belarus and other CIS countries,” the company said.
L&T (Larsen&Toubro) is one of India’s biggest private companies engaged in industrial manufacturing, engineer support, rail and transport infrastructure development, construction, shipbuilding, switchgear, energy, space, defense, petrochemistry, financial consulting. L&T has a wide network worldwide.
L&T was founded by Danish engineers Henning Holck Larsen and Soren Kristian Toubro in Bombay (Mumbai) in 1938. Among the company’s clients are Chevron, Tata, Siemens, Alstom, Toshiba.
According to the Belarusian embassy in Delhi, India is among Belarus’ strategic trade partners in the Asian region. Belarus’ exports to India traditionally surpass the imports. In 2012 the bilateral trade totaled $494.6 million.
India imports Belarusian potash and nitrogen fertilizers, heavy haulers, acrylic fiber, bearings, tires, leather and other products.
Belarus imports Indian medicines and pharmaceutical substances, tobacco, tea, fish, spices, nuts, vegetable oil, chemical compounds, cotton yarn, transformers and other goods.
A number of representative offices of the Belarusian companies are registered in India. Among them are Belarusian Potash Company, Beltechexport, Amkodor, the joint company BelAZ Enrika Mining Equipments Services Private Limited. The Business Cooperation Council Belarus-India functions under the auspices of the Belarusian Chamber of Commerce and Industry and the Associated Chambers of Commerce and Industry of India.