Wednesday, 27 February 2008

Larsen & Toubro CMD Naik conferred Danish knighthood

Larsen & Toubro CMD Naik conferred Danish knighthood


MUMBAI: Larsen & Toubro Chairman and Managing Director A M Naik has been appointed as Knight of the Order of the Dannerbrog (name of Danish flag) by Queen Margarethe of Denmark.

The Knight Cross was formally presented to Naik by ambassador of Denmark Ole Lansmann Poulsen here today. It is in recognition of contribution made by Naik in Indo-Danish relationship.

The ambassador said it is a rare honour and very few foreigners have received it. Naik is currently also the consul general of Denmark in Mumbai.

Poulsen said there is large potential for enhancing trade relations between Denmark and India. So far 75 Danish companies have made investment in India making Denmark 19th biggest investor in the country.

Meanwhile, Naik said the company has zeroed in on Hazira in Gujarat to set up its power plant where it will make boilers and turbines. The foundation stone will be laid in one month and plant will be commissioned over the next 24 months, he said.

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