L&T and Microsoft India have entered into an agreement to develop cloud computing and infrastructure services for regulated sector customers, the engineering major said in a statement on Monday.
L&T and Microsoft will collaborate with a defined set of large customers in regulated sectors to develop architectures and roadmaps to modernise their traditional data centers to potentially hybrid models and advance their digital transformation goals, in line with emerging regulations.
“India is at the cusp of enormous cloud adoption, as innovation, scale and agility become critical determinants for enterprises to grow and compete globally. Our partnership with Microsoft aims to accelerate hybrid cloud transition for large customers in regulated sectors, while maintaining the highest benchmarks of compliance, security, and governance,” SN Subrahmanyan, Chief Executive Officer and Managing Director, L&T, was quoted as saying in the statement.
The two companies will set up a joint governance group to define future platform designs, investments, and commercial and business models to service the technology requirements of regulated sectors. The senior leadership teams of both the organisations will be engaged collectively on this as the association evolves.
The collaboration will focus on engaging customers in the Indian jurisdiction, with the potential to extend this partnership to other jurisdictions in the future. The two companies will consider possible partnership structures to continue to collaborate for the performance of this agreement at “an appropriate time”, the statement said.
“The government’s drive for ‘Digital India’ and the unprecedented digital momentum across the country has led to a recalibration of the cloud infrastructure requirements. Microsoft is excited to collaborate with L&T to support the public sector and the other regulated industries as they seek to accelerate digital services to benefit all parts of India. This partnership will enable development of a scalable cloud infrastructure model for these sectors to accelerate their digital innovation, in alignment with the data location and security needs of India,” Anant Maheshwari, President, Microsoft India, said.
The agreement aims to leverage on the strengths of both the industry majors. Microsoft, which is one of the largest cloud hyperscalers, has a strong track record of addressing the requirements of public sector and regulated industries across the globe, helping them respond to the increased citizen demands of the present and respond to future needs.
L&T offers concept-to-commissioning services for setting up end-to-end data center services, with hybrid, multi-cloud management and cyber security services, besides digital transformation, and application integration services.
source: money control