Larsen & Toubro, an Indian multinational engaged in EPC projects, hi-tech manufacturing and services, recently announced the launch of UH-SuFin, an integrated e-commerce platform for BZB industrial products and services.
- L&T via this BZB e-commerce platform is poised to empower businesses, especially MSMEs, to enable them source their industrial supplies pan-India, digitally and cost-effectively.
- 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 .
- L&T -SuFin marks another chapter in the expansion of L&T as a digital powerhouse after it launched L&T EduTech, an ed-tech platform for bolstering engineering and technology knowledge, last year.
Mr. S N Subrahmanyan (SNS), CEO & MD, L&T, said, “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.”
“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-1 and tier-2 cities, thereby enabling a level playing field and inclusive growth for all businesses.”
More details:
- L&T-SuFin hosts a vast selection of industrial products across 40+ categories as well as financing and logistics support from carefully vetted partners.
- For sellers, L&T-SuFin is an opportunity to broaden their markets like never before. The platform is designed to reach out to buyers across categories and pan India geographies. It will enable businesses by providing them with a complete ecosystem of seller tools, delivery, and negotiations on a single platform.
- L&T-SuFin will host KYC-verified sellers and buyers vetted by L&T and guarantee a last-mile delivery to over 15,000 pin codes.
- The platform will provide working capital to MSMEs from a large array of banks and other financial institutions at attractive interest rates.
- Further,the platform will also provide an online transaction facility for trading products and enabling services with a payment and settlement mechanism that will aid traditional enterprises to take on their newer digital-native competitors.
About L&T:
Larsen & Toubro is an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L& T to attain and sustain leadership in its major lines of business for eight decades.
Source: L&T-Press Release
