Indian firms tap West Asia boom as mega projects boost demand
Indian firms are increasingly tapping into West Asia’s diversification drive, with L&T securing around 40% of its Q1 orders from the region. Major projects like NEOM, Jafurah, Qatar LNG, and UAE’s clean energy push are driving demand across infrastructure, tech, and consumer sectors. Despite rising exports under the India–UAE CEPA, risks include global competition, cash retention, and disputes.