L&T Partners With Microsoft To Develop Regulated Sector Focused Cloud Computing
Larsen and Toubro (L&T) and Microsoft India have announced the signing of a memorandum of understanding (MoU) to develop a regulated sector focused cloud offering to empower customers with the best-of-breed cloud computing and infrastructure services.
In line with emerging regulations, L&T and Microsoft will co-engage with a defined set of large customers in regulated sectors to develop architectures and roadmaps to modernize their traditional data centers to potentially hybrid models and advance their digital transformation goals,
"Under the MoU, the two firms will setup a joint governance group to define future platform designs, investments, and commercial and business models to service the regulated sectors’ emerging technology requirements. Senior leadership teams of both the organizations will be engaged collectively on this as the association evolves," L&T said in a statement on Monday (7 February).
“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. As enablers of India’s digital transformation vision, our ambition is to support organizations in their journey to become digital natives and future ready businesses," said S N Subrahmanyan, CEO & MD of L&T.
As per the present norms, the MoU will focus on engaging customers in the Indian jurisdiction, with the potential to extend this partnership to other jurisdictions in the future, as agreed between the two companies, the statement said.
At an appropriate time, L&T and Microsoft will consider possible partnership structures to continue to collaborate for the performance of this MoU, it added.
Talking about the MoU, Anant Maheshwari, President, Microsoft India, said, “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".
The agreement between the two firms will combine the unique strengths of both L&T and Microsoft to utilise digital services as a key lever for economic growth, the statement said.
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