L&T signs MoU with Microsoft for cloud computing, infra services

AgenciesUpdated: Monday, February 07, 2022, 03:36 PM IST
article-image
The two companies have agreed to set up a joint governance group to define future platform designs, investments, and commercial/business models to service the regulated sectors' emerging technology requirements. / Representative image |

Larsen & Toubro (L&T) said on Monday it has signed a Memorandum of Understanding (MoU) with Microsoft for the development of cloud computing and infrastructure services for regulated sector customers.

"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 modernise their traditional data centers to potentially hybrid models and advance their digital transformation goals," L&T said in a statement.

As per the MoU, the two companies have agreed to set up 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 organisations will be engaged collectively on this as the association evolves, it said.

"India is at the cusp of enormous cloud adoption, as innovation, scale and agility become critical determinants for enterprises 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," said S N Subrahmanyan, CEO & MD of Larsen & Toubro.

"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," Subrahmanyan said in the statement.

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.

At an appropriate time, L&T and Microsoft will consider possible partnership structures to continue to collaborate for the performance of this MoU.

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.

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."

(With inputs from ANI)

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Zerodha encourages employees to invest in health, offers Rs10 lakh reward for losing weight

Zerodha encourages employees to invest in health, offers Rs10 lakh reward for losing weight

Corporate salaries to go up by 10.4% in India, while attrition and unemployment remain high

Corporate salaries to go up by 10.4% in India, while attrition and unemployment remain high

What exactly is ‘quiet quitting’? Sign of laziness or push back against burnout caused by hustle...

What exactly is ‘quiet quitting’? Sign of laziness or push back against burnout caused by hustle...

63 moons to discontinue tech support to MCX after Sep 30

63 moons to discontinue tech support to MCX after Sep 30

Sensex closes 953 points lower with double whammy from inflation and recession, Rupee hits record...

Sensex closes 953 points lower with double whammy from inflation and recession, Rupee hits record...