L&T and Microsoft to develop regulated sector cloud offering to prepare future ready businesses
Larsen & Toubro (L&T) and Microsoft India on Monday, announced the signing of a Memorandum of Understanding (MoU). The mission is to develop a regulated sector focused cloud offering to empower customers with the best-of-breed cloud computing and infrastructure services. As per an official statement, 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, both the companies will setup a joint governance group to define future platform designs, investments, and commercial/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. As per the present norms, the MoU will focus on engaging customers in India, with the potential to extend this partnership to other jurisdictions in the future, as agreed between the two companies. Also, L&T and Microsoft will consider possible partnership structures to continue to collaborate for the performance of this MoU, when the time comes.
Speaking on the partnership, S.N. Subrahmanyan, CEO and MD of Larsen & Toubro said, “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. 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.”
Talking about the MoU, Anant Maheshwari, President, Microsoft India, 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,” he added.