Oracle to endow worth $400 million in India
In a zest to Prime Minister Narendra Modi’s “Digital India” initiative, global software and cloud major Oracle unveiled three big ticket investment plans, keeping on its promise and commitment to expand further in the country.
Oracle CEO Safra Catz announced, after his meeting with the PM that 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.
Catz, on his maiden visit to India said “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.
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.”
The cutting-edge campus spread over 2.8 million square feet, will be Oracle’s largest outside of its iconic headquarters in Redwood Shores, California.
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 located at Bengaluru, Chennai, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Trivandrum and Vijayawada 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.
“I am particularly excited about the incubation centers 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.The team plays a critical role in advancing the capabilities and functionalities of Oracle Cloud.
Oracle Academy plans to engage with local schools and universities to train more than half a million students throughout India in computer science each year. The Oracle Academy currently partners with more than 1,700 educational institutions in India to advance computer science education and drive knowledge, innovation, skills development and diversity in technology fields.