L&T unveils B2B e-commerce platform for MSMEs

New Delhi, Mar 7 (KNN) Larsen & Toubro (L&T) on Monday presented its brand new integrated e-commerce platform, L&T SuFin for the micro, small and medium enterprises (MSMEs) and businesses.

The company states that the platform aims to empower businesses, especially MSMEs with the many decades of experience.

Speaking on the launch, SN Subrahmanyan, CEO and MD of L&T, said “With the launch of L&T-SuFin, we take yet another leap in our digital transformation journey, building on our legacy of trust and deep understanding of the ecosystem. We are confident about L&T-SuFin transforming the B2B marketplace for industrial products. Making it easily accessible, convenient, and transparent, even for the customers in and beyond Tier I and II cities, thereby enabling a level playing field and inclusive growth for all businesses.”

“With the use of this platform businesses can source their industrial supplies pan India, digitally and cost-effectively,” he added.

He said there was a critical need to digitalise supply chains to enhance the overall global competitiveness of Indian industries, as India aspires to become a USD 5-trillion economy.

A selection of industrial products over 40 categories as well as financing and logistics support fr0m vetted partners are hosted by the platform.  

The characteristics of this platform is to enable sellers to reach out to buyers across categories pan India, providing them with a complete ecosystem of seller tools, delivery and negotiations on a single platform.

The company has also planned to host KYC-verified sellers and buyers vetted by L&T and guarantee a last-mile delivery to over 15,000 pin codes.

Further, it will provide working capital to MSMEs fr0m a large array of banks and other financial institutions at attractive interest rates.

Last year, L&T had launched its engineering and technology knowledge platform L&T EduTech as one of its digital step. (KNN Bureau)