L&T eyes Mideast shipping market

Larsen and Toubro, India’s engineering conglomerate, has announced plans to exploit the current growth of the shipping industry in the Middle East.
A M Naik, chairman and managing director of L&T, was quoted by Gulf News as having said: ‘Dubai presents a good future for the shipbuilding industry. There are requirements for high end offshore utilities. L&T is keen to get into the market and demonstrate its world class engineering prowess.’