Biznextindia : Indian Engineering and Technology conglomerate Larsen & Toubro announced the launch of L&T SuFin, an integrated e-commerce platform for BZB industrial products and services.
Drawing on its rich experience of over 80 years, with the trust of the nation as its core strength, L& T via this BZB e-commerce platform is poised to empower businesses, especially MSMEs, to enable them source their industrial supplies panIndia, digitally and cost-effectively.
The Indian manufacturing ecosystem has been facing significant inefficiencies in the industrial supply chains, relying heavily on resources such as BZB directories – digital or otherwise – to fulfill MSME’s sourcing needs. These traditional supply chain issues have resulted in challenges in the domains of maintaining business continuity, revenue or inventory optimisation and manpower deployment. With digital technologies at the core, L&T-SuFin is poised to transform Indian business landscape, leading to the formalization of the traditional supply chains and creating a win-win situation for suppliers and buyers.
Built to provide greater transparency and wider market access, L& T -SuFin marks another chapter in the expansion of L8:T as a digital powerhouse after it launched L&T EduTech, an ed-tech platform for bolstering engineering and technology knowledge, last year.
“As India aspires to become a $5 trillion economy, there lies a critical need to digitalize supply chains to enhance the overall global competitiveness of Indian industries, especially small and medium enterprises. With the launch of L8: T-SuFin, we take yet another leap in our digital transformation journey, building on our legacy of trust and deep understanding of the ecosystem” S N Subrahmanyan (SNS), CEO & MD, L&T said.