India tech conglomerate to set up Jerusalem design center
Engineering services firm L&T Technology Services seeks to tap into Israeli tech, including chip, machine learning and security developments
L&T Technology Services Limited, an engineering services subsidiary of Mumbai-based Larsen and Toubro, is setting up a design center in Jerusalem.
The new “Center of Excellence” — with an accompanying Tel Aviv sales office — will focus on developments in video, design and security solutions. The multinational company said that these solutions will serve its global customer base, in sectors spanning the spectrum of media, entertainment, telecom, automotive and Internet of Things (IoT).
The company said in a statement that the move aims to “deepen its involvement in Israel’s startup and innovation ecosystem.”
Larsen & Toubro is a technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.
“L&T Technology Services’ use of Digital Engineering and smart technologies is driving customer core capabilities across the globe and addressing the need for digital transformation,” said Dr. Keshab Panda, LTTS CEO and managing director, in the statement.
“With Israel’s rich legacy in triggering tech innovations, we are confident in our ability to develop disruptive engineering services and create digital skill sets across embedded applications, machine learning and enhanced security, all of which are critical building blocks of the future,” he said.
LTTS is constantly on the hunt for disruptive technologies, including embedded applications, semiconductors, machine learning, security and video, he said. All these fields are being currently addressed by the broader Israeli startup community. For this reason, L&T decided to open the Jerusalem center, which it hopes will become a “global hub” in the relevant fields.
LTTS officials have held meetings with the Israeli Ministry of Economy and Industry and the Israel Innovation Authority, seeking out partnerships and funding, as well as with local academic and technological institutes, the statement said.
Based in Mumbai, LTTS has 11,000 employees, and says it counts 52 Fortune 500 companies among its customers The Indian firm has been operating in Israel for a number of years, providing engineering services to a number of multinational corporations operating locally. Earlier this year in partnership with Microsoft Israel it announced the joint development of a “smart” office campus for a technology company in Israel.
