Increasingly, the world is seeking smarter, secure, more intelligent solutions and optimized utilization of resources to enhance quality of life which has led to the rise of smart cities and advanced security solutions and communication infrastructure in several advanced economies.
India is also rapidly gearing up to create smart infrastructure that will soon be the backbone of the economy. With the mandate to build smart cities at the top of the Government's priority list, this area is abound with huge opportunities in the near future. The potential business opportunities are in the areas of city surveillance, intelligent traffic management systems, transport & logistics, OFC cabling, communication network including backbone (GOFNMS, DWDMS, IPMPLS etc.), telecom infrastructure, BMS, smart grids, smart governance & education and smart city development. The need is to effectively tap the specific requirements of a wide range of customers including Central and State governments, railways, airports, seaports, expressways, defence, transport & logistics providers, telecommunication service providers, IT companies and residential building/city developers in a focused manner.
From L&T's perspective, the good news is that these resulting opportunities can be tapped by various businesses within the L&T Group. The Smart World & Communication Business Unit (SW&C BU) in L&T Construction will lead all business initiatives in this realm and collaborate with L&T Infotech, L&T Electrical & Automation Independent Company and L&T Technology Services to provide end-to-end solutions to customers under the following segments:
- Smart Security Solutions
- Smart Communication Network and Telecom Infrastructure
- Smart Infrastructure