With geo-political concerns, engg firms nudge suppliers to 'Make in India'

These firms are either tying up with Indian entities of their foreign suppliers, or urging foreign suppliers to set shop in India

In a bid to find a long-term fix to unrelenting geo-political concerns, Indian engineering and capital goods firms are looking to ditch foreign suppliers, and plan to collaborate with Indian entities instead.

Executives from these companies termed it an attempt to secure supply chains and cut down transit time.

“If it works, I need not go to Europe,” said Anil Parab, whole-time director, heavy engineering and L&T Valves, with Larsen & Toubro.

He was referring to an investment that L&T is making on research and development and other certification to develop a special grade of steel in India, along with