L&T leader enlightens industry meet
Anil V Parab (Whole-time Director, L&T & Sr EVP, Manufacturing), highlighted the crucial role of the MSME ecosystem in driving India’s industrial growth at Delhi on 8 July at the session organised by The Federation of Indian Chambers of Commerce & Industry (FICCI) on Investment Economics in India: Manufacturing, FDI and Industrial Transformation.
Mr Parab underscored the need to focus on speed of doing business by utilising AI-enabled automation for National Single Window clearances, developing plug-and-play clusters with automated approvals under the BHAVYA scheme and introducing legal reforms to expedite contract enforcement.
He revealed that L&T had to its credit a remarkable achievement, i.e. 90% indigenisation of electrolysers, vital to green hydrogen production. This milestone has lowered costs, advancing green hydrogen closer to cost parity with grey hydrogen and paving the way for its adoption across sectors such as refineries, fertilisers, steel and heavy mobility.
Other prominent participants included Mercy Epao (JS, Ministry of MSME), Atul Kumar Goel (Chief Executive, IBA), Pankaj Kumar Satija (EVP, Corporate Affairs, JSW Steel), Rahul Ahluwalia (Founding Director, FED) and Mohit Bhasin (Partner & Global Head, Economic Growth Practice, KPMG International).
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
NUCLEAR NETWORKING
Industry stalwarts exchange ideas to illuminate India’s energy scene
With India’s nuclear energy sector at a critical crossroads, fostering meaningful industry dialogue is becoming an imperative. Two recent events helped foster this exchange, and both were attended by L&T’s Anil V Parab (Whole-Time Director and Sr EVP, Manufacturing).
The India Nuclear Energy Forum 2026, from 29 to 30 May at IIT Bombay, focused on developing a comprehensive roadmap to achieve India’s ambitious target of 100 GWe nuclear capacity by 2047, following the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Act, 2025 that ends the government monopoly on nuclear power generation and opens the sector to private companies.
L&T was a Gold Sponsor, with Mr Parab sharing the stage with nuclear power doyens – including Dr Anil Kakodkar (Former Chairman of the Atomic Energy Commission of India), D K Shukla (Former Chairman, Atomic Energy Regulatory Board), Prof Shirish Kedare (Director, IIT Bombay) and Dr A K Nayak (Former Head, Nuclear Controls & Planning Wing, Department of Atomic Energy).
Mr Parab reaffirmed L&T’s commitment to supporting India’s nuclear energy goals, stressing on the importance of the programme management approach to translate the plans into actionable steps.
Then, on 6 July at Mumbai, the Confederation of Indian Industry organised the ‘Strategic Dialogue on Nuclear Energy: Accelerating India’s Pathway to 100GW’. It united policymakers, technology leaders, industry stakeholders and global partners in shaping India’s nuclear energy future.
Sharing his views on Supply Chain adequacy in the nuclear power industry, Mr Parab stated that Indian industries have achieved nearly 100% local content in PHWR and PFBR technologies. The challenge is to fast-track, scale up and formulate a predictable execution schedule.
Global nuclear power projects often face cost and time overruns due to lack of continuity of work, technology standardisation, inadequate talent pool and regulatory approvals. He opined that India take a leaf from the US approach (1970-1990) of building an average 4.7 GW per year, and adopt the programme management approach. He averred that the private sector might have to get involved with the Department of Energy so that India can meet its ambitious 100 GWe target.
L&T’s participation in such events indicates the Company’s growing role in the nuclear power sector.
