Oracle to Invest $400M in India, New Campus & 9 Incubation Centres Coming Up!
Oracle, one of the largest American computer technology company headquartered in California, now plans to invest $400 Million through three new initiatives in India.
In a meeting with Narendra Modi, Prime Minister of India, Safra Catz, CEO at Oracle, discussed her plans to invest in India’s technological ability and expertise. The following initiatives will be taken by Oracle:
- Open a state-of-the-art Oracle campus in Bengaluru, Karnataka
- Nine regional software and technology incubation centres across the country
- Train over 500,000 Indian students every year
The numbers look extremely encouraging on paper, and the growth of IT sector in the silicon valley of India has encouraged a lot of firms to open a base to house technical experts and product guys.
Opening about the plans for India, Safra Catz 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.”
She further added, “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.”
Oracle’s plans in depth
The avant-garde campus will be developed in Bangalore with an area of 2.8 Million square feet and will the largest campus outside Oracle’s headquarters in California.
The facility is expected to house 11,000 employees from different fields of Science & Technology, Engineering, Finance, Arts and Management.
The nine incubation centres will be opened in Bengaluru, Gurgaon, Mumbai, Hyderabad, Chennai, Pune, Noida, Trivandrum and Vijaywada. They will support the prospering entrepreneurship and startup ideas in India that do not have access to the best software tools, trainings and sufficient experience.
Oracle will be providing aid to startups based on its Java and Oracle platforms by offering tools and softwares for growth.
The Redwood Shore based technology company also plans to involve local schools and universities in training half a million students every year in computer science and computer skills. Everyone knows that an investment in education can help grow the future of India.
Oracle Academy already provides training to students in Java and Oracle platforms which will give them enough knowledge of software and computer skills, an essential for any startup these days.
This is an excellent news for not just the working population in India, but also students who idolise California based startups and wish to become an entrepreneur. While the timelines haven’t been revealed yet, we will be following up on this soon. Stay tuned for more information!