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  1. Oracle to invest $400 million in India campus

Oracle to invest $400 million in India campus

Global computer giant Oracle on Friday announced that it will invest $400 million in a new state-of-the-art campus in Bengaluru over the next five years, apart from setting up nine incubation centres across the country and training more than five lakh students every year in computer science skills.

By: | New Delhi | Published: February 13, 2016 1:34 AM

Global computer giant Oracle on Friday announced that it will invest $400 million in a new state-of-the-art campus in Bengaluru over the next five years, apart from setting up nine incubation centres across the country and training more than five lakh students every year in computer science skills.

This was stated by Oracle CEO, Safra Catz at a select media roundtable. Earlier in the day Catz met prime minister Narendra Modi.

He said: “Our India business is on upswing. We are very bullish on India.”

Oracle has 40,000 employees in India now – the second-largest employee base for it outside the US – apart from 2,000 job openings. The 2.8 million square foot new Bengaluru campus, the largest after Redwood Shores, California, alone will employ 11,000 people. The nine incubation centres – at Bengaluru, Chennai, Gurgaon, Hyderabad, Mumbai, Noida Pune, Thiruvananthapuram and Vijayawada – will be set over the next six months and contribute to the Start-up India and Make in India initiatives by providing software, tools and training to start-ups. This includes Java and SQL. “I am particularly excited about the incubation centres which will house substantial software and technology capabilities, tools, and training to help launch new technology start-ups built utilizing Java and the Oracle platform,” Catz explained.

Oracle is also keenly focused on two other government initiatives – Digital India and Smart Cities.

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