We don't see private sector capex pick up for 1-2 years: L&T CEO

Larsen & Toubro (L&T) CEO SN Subrahmanyan told ET Now that his company does not see any major capital expenditure from the private sector for 1-2 years. He also added that L&T will not look at taking on any government businesses as of now. He said shifting the supply base from China to India needs to be more efficient.