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LTIM and Eurolife FFH inked a momentous multimillion dollar MoU.
IBM India's Quantum team visited the world class experience centre, Planet L&T, in Mumbai.
Sudhir Chaturvedi of LTIM, at left, and Tareq Suhdi Amin of Aramco Digital sign the agreement to create an IT services company in the Kingdom of Saudi Arabia.
Building relationships with global majors enhances LTIMindtree's range of offerings FOSTERING FINANCE LTIMindtree (LTIM) signed a Memorandum of Understanding (MoU) with Eurolife FFH, a leading insurance company in Athens, Greece powered by Fairfax Digital Services, to establish the first-of-its- kind Generative Al and Digital Hub in Athens and dedicated facilities in Poland and India.
The MoU was signed in February in Delhi by Mr Sudhir Chaturvedi (President and Executive Board Member, LTIMindtree), Mr Alexandros Sarrigeorgiou (Chairman & CEO, Eurolife FFH Insurance Group) and Mr Sanjay Tugnait (President & CEO, Fairfax Digital Services), in the presence of the Prime Minister of Greece, Mr Kyriakos Mitsotakis.
This aligns with the Government of India’s newly introduced ‘Anusandhan’ scheme, aimed at catalysing innovation and research within technology and startup ecosystem. The multi-million-dollar partnership will enable widespread adoption of AI and digital solutions across insurance, banking, shipping and manufacturing industries. QUANTUM LEAP In February, LTIM became the first Indian Global System Integrator to be part of the IBM Quantum Network, which will significantly advance the former’s capabilities in quantum computing. This solidifies LTIM’s position as a critical player in the global quantum ecosystem. A leader in quantum computing research and development, IBM has built the largest quantum computer yet, and possesses a robust plan for future advancements. This network inclusion is an organic progression to LTIM’s close research work with IBM over the last 1.5 years, and offers tremendous opportunities by giving LTIM access to the most advanced quantum systems, unparalleled research opportunities and an immense collaboration network. SAUDI SIGN-UP In March, LTIM signed a shareholders’ agreement with Aramco Digital to create an IT services company in the Kingdom of Saudi Arabia to showcase innovation in action, including disruptive digital services, and transformative industry 4.0 systems integration capabilities. This collaboration is expected to support the Kingdom’s Vision 2030 by creating highly skilled jobs for Saudis.
The joint venture is being formed under the Aramco Namaat Industrial Investments Programme. It will leverage the power of digital transformation and unlock opportunities for innovation and sustainability in the region.
Giga projects, the government sector, high- growth industries, energy, manufacturing and the financial services sector in Saudi Arabia will benefit from this collaboration.
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