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Oracle's big ticket investment plans include India with USD 400 million
Oracle to invest $400 million in India
In a fillip to Prime Minister Narendra Modi's "Digital India" initiative, global software and cloud major Oracle on Friday unveiled three big ticket investment plans, keeping its commitment to expand further in the country.
After meeting the PM here on Friday, Oracle CEO Safra Catz announced three major initiatives that include a state-of-the-art Oracle campus in Bengaluru, nine regional software and technology incubation centres across the country and an initiative to train over 500,000 Indian students every year.
"Oracle has been in India for over 25 years and during that time we've grown our investments tremendously. In fact, India now represents our second largest employee base outside of the US, with nearly 40,000 current employees and an additional 2,000 current job openings," said Catz, who is in India on her maiden visit, in a statement.
"We are investing over $400 million in Bengaluru, opening nine incubation centres and training half a million students each year during this expansion phase to support India's tremendous growth," Catz added.
Spread over 2.8 million square feet, the cutting-edge campus will be Oracle's largest outside of its iconic headquarters in Redwood Shores, California.
Expected to be the epicentre of its operations throughout India, more than 11,000 employees from diverse fields, including engineering, sales and marketing, global support, finance and consulting, will converge at the high-tech site.
The nine incubation centres will support entrepreneurship and development of innovative startups by providing software, tools and training to new software and technology companies utilizing Java and the Oracle platform.
These centres will be located in Bengaluru, Chennai, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Trivandrum and Vijayawada.
"I am particularly excited about the incubation centres which will house substantial software and technology capabilities, tools, and training to help launch new technology startups built utilizing Java and the Oracle platform," Catz explained.
Currently, Oracle engineers in Bengaluru are developing next-generation software that powers some of the world's most successful and innovative businesses and brands.
Source: techgig.com
