L&T Technology Services announced
that it is entering into a strategic collaboration with Cisco to
explore potential IoE opportunities for Transportation and other
industry verticals and joint go-to-market opportunities globally.
Cisco and L&T will make joint
contributions to a Global Solution Centre to showcase innovative and
breakthrough connectivity and convergence based solutions. If the
company is to be believed, the Solution Centre which will be housed
within the L&T Technology Services facility in Bangalore will
focus on both technical and business considerations of connected
transportation as well as ways to make Rails and mass transit more
productive, intelligent and safe.
The collaboration will focus on
bringing together the complementary capabilities of Cisco’s
end-to-end IoT architecture and robust vertical solutions with L&T
Technology Services’ deep understanding of the needs of the
industrial sector along with global technology services capabilities.
L&T Technology Services will
collaborate with Cisco to develop new solutions and customize
existing solutions based on needs of the target market. As the
pre-eminent infrastructure major, L&T, with its strength in the
transportation infrastructure and as a market leader in rail
transportation, will provide its expertise and a view into the market
opportunities available.
The joint collaboration will focus on
assessing the business value of various IoE solutions for the railway
segment, and plans include expanding to other areas such as
manufacturing, defense, CPG and the off-highway transport segment.
India and the Middle East are seeing a
robust opportunity in the infrastructure sector. The current market
scenario in India is optimistic; with the Indian governments relaxing
metro eligibility requirements, new metro projects are expected to be
launched every year. Several new freight corridors as well as
high-speed lines are also planned. The market opportunity in India
for signaling and telecom is expected to be about $1.8B over the next
3 years.
Dr Keshab Panda, Chief Executive, L&T
Technology Services, said, “We are thrilled to collaborate with
Cisco to provide the transportation and mass transit industry with
world-class IoE solutions that benefit customers. Cisco’s
leadership in the Internet of Everything and our engineering prowess
and deep infrastructure expertise offer the industry an excellent
opportunity to leverage their existing infrastructure investments and
adopt IP systems to dramatically improve their services and create a
safer and more connected customer experience.
“The Internet of Everything is a
reality today and will only continue to create unprecedented
opportunities. Our collaboration with L&T Technology Services,
with its deep engineering expertise in the region, will play an
important role in fuelling IoE innovation in multiple industries,”
said Wim Elfrink, chief globalisation officer and executive vice
president, Industry Solutions, Cisco.
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