Larsen and Toubro (L&T), a major engineering firm, is venturing into fabless semiconductor chip design, emulating other Indian conglomerates like Vedanta and Tata Group. L&T will invest Rs 830 crore through a wholly-owned subsidiary dedicated to chip design for the automotive and industrial sectors. L&T's CFO, R Shankar Raman, reveals the company's strategic shift towards seeking alternative business opportunities for the future
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