Infrastructure giant Larsen & Toubro (L&T) announced that its board has given approval for the appointment of Amitabh Kant, former G20 Sherpa and NITI Aayog CEO, to serve as a non-executive, independent director for the organization. Kant's appointment will span five years, beginning this week.

During today's board meeting on October 29, 2025, the company's directors approved Amitabh Kant's appointment as a non-executive, Independent Director (Additional Director) for a five-year period starting October 29, 2025, and concluding on October 28, 2030, pending shareholder approval, according to Larsen & Toubro's statement.

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The previous month, HCL Technologies, an IT services firm, had announced Kant's appointment to an independent director position.

In September, following security clearance from the civil aviation ministry, IndiGo also brought him on board as an additional director.

Fairfax Financial Holdings Ltd, owned by Canadian billionaire Prem Watsa, had previously named Kant as a senior advisor.

Following a distinguished 45-year career in government service handling various responsibilities, Amitabh Kant stepped down from his role as G20 Sherpa in June.

 

Subsequently that month, he joined Fairfax Financial Holdings Ltd, Canadian billionaire Prem Watsa's firm, in an advisory capacity.

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Kant, who retired as a 1980-batch Indian Administrative Service (IAS) officer from the Kerala cadre, took on the role of India's G20 Sherpa in July 2022, shortly before India took over the G20 Presidency.

Furthermore, the engineering corporation is contemplating entry into the electronics manufacturing services sector and has engaged in preliminary talks with Tamil Nadu's state government regarding potential land procurement in the Chennai vicinity, as per media accounts. The firm is reportedly evaluating approximately 200 acres for this venture.

This approach reflects similar tactics employed by other major Indian business groups like Tata Group, where Tata Electronics has pursued contract manufacturing to establish itself as an Apple vendor.

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Sector analysts suggest this decision may complement L&T's goals in the semiconductor industry. The EMS sector presents significant prospects for L&T, considering the market segment has limited competition, with companies like Flextronics and Kaynes Technology representing the primary established participants. The organization has the potential to produce IoT components for automotive or energy applications, capitalizing on its current business relationships and infrastructure development portfolio.