Larsen & Toubro (L&T) and Microsoft India on Monday announced the signing of an agreement to develop an industry-focused regulated cloud offering that will provide customers with the best cloud computing and infrastructure services.
According to a release, in line with emerging regulations, L&T and Microsoft will work with a defined set of large customers in regulated industries to develop architectures and roadmaps to modernize their traditional data centers to potentially hybrid models and advance their digital transformation goals. .
As part of the Memorandum of Understanding (MoU), the two entities will establish a joint governance group to define future platform designs, investments, and business and commercial models to meet emerging technology needs of regulated industries. .
The leadership teams of both organizations will be collectively engaged on this as the association evolves.
“India is on the cusp of huge cloud adoption, as innovation, scale and agility become critical determinants for business growth and global competitiveness. Our partnership with Microsoft aims to accelerate the transition to hybrid cloud for large customers in regulated industries, while maintaining the highest benchmarks in compliance, security and governance,” said CEO and Managing Director of Larsen & Toubro , SN Subrahmanyan.
In line with current standards, the MoU will focus on engaging customers in the Indian jurisdiction, with the possibility of extending this partnership to other jurisdictions in the future, as agreed between the two companies. At the appropriate time, L&T and Microsoft will consider possible partnership structures to continue to collaborate on the execution of this Memorandum of Understanding.
“Microsoft is delighted to partner with L&T to support the public sector and other regulated industries as they seek to accelerate digital services to benefit all regions of India. This partnership will enable the development of a scalable cloud infrastructure model for these industries to accelerate their digital development. innovation, in alignment with India’s data location and security needs,” said Microsoft India President Anant Maheshwari.