Bangalore: Larsen & Toubro Ltd. (L&T) has announced a series of initiatives towards developing new infrastructure on its Mysore campus as part of a plan to create growth centres.

The Mysore campus spread across 40 acres currently houses manufacturing facilities for electrical energy meters and medical equipment under the Electrical & Electronics Division (EBG), embedded software systems and IT businesses. The company has acquired another 15 acres close to Mysore campus for building additional capacities. The plan includes a new manufacturing unit for medical equipment, sports complex and training centre. The company has also expanded its software development centre and embedded software systems facilities. "L&T has drawn up an aggressive growth plan, and the infrastructure development steps at the existing and new locations are in line with that plan. Mysore is home to electronics and IT industries and the next growth centre in Karnataka. L&T will have a sizeable presence in these segments in the city. We are committed to making required investments in view of opportunities emerging from the current economic upswing and anticipated high growth in many sectors. Our efforts are directed towards scaling up operations and constantly creating value for making L&T a true Indian multinational," said A.M. Naik, chairman and managing director, L&T.

"We have registered a growth of over 25 per cent this financial year. The country's economic environment and power reforms programmes indicate a bigger and fast growing market. We will, thus, have to achieve volumes to meet the market needs and our growth centres will play a major role in catering to such high demands. As for the medical equipment business, the new facility will help expand the products basket and meet the needs of a variety of customers in both, domestic and international market," said R.N. Mukhija, president, EBG Operations.

For the medical equipment facility, to be ready in October 2007, the company has 100,000 sq ft space and it plans to hike capacity by five times in the next five years. The company will grow this business with focus on international markets with critical healthcare products range that will include multi-parameter patient monitors with enhanced communication and networking features. The medical equipment business is getting ready to launch a range of world-class products in the patient monitoring system in the domestic market.

The energy meters business of EBG is expected to grow two to three times in the next four years. The company will increase production of its high-end meters from the current half a million units to two million units in 2009-10.

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