Oracle chief executive Safra Catz says the firm will invest over $400 million in Bengaluru and open nine incubation centres across India
New Delhi: In a bid to participate in India’s flagship initiatives, Make in India and Start-up India, Oracle Corp. on Friday said it will build a new campus in Bangalore and will set up nine incubation centres across the country.
The company will also launch an initiative to train more than half-a-million students each year to develop computer science skills.
“Oracle has been in India for over 25 years and during that time we’ve grown our investments tremendously," said Safra Catz, chief executive, Oracle Corp. “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. We ‘Make in India’ for the rest of the world."
Catz, who is on her maiden trip to India for Nasscom India Leadership Forum 2016, met Prime Minister Narendra Modi on Friday.
“She apprised the prime minister of Oracle’s plans for a state-of-the-art campus in Bengaluru and an initiative to help more than half-a-million students in India develop computer science skills through Oracle Academy," a prime minister’s office statement said.
“Oracle is of the view that the plans are likely to boost Modi’s ‘Make in India’ initiative, and strengthen India’s position as a world-class design and manufacturing hub," said the statement.
Up until now, Oracle has been involved with the Indian government for implementing large public sector and government programmes under the Digital India initiative.
India has Oracle’s second largest employee base with nearly 40,000 employees after the US. The company is looking to hire 2,000 more people.
The company’s 2.8 million sq. ft. campus in Bengaluru will be Oracle’s largest outside of its headquarters in Redwood Shores, California, the company said.
The new campus is expected to become the epicentre of its operations throughout India with more than 11,000 employees from diverse fields, including engineering, sales and marketing, global support, finance and consulting, converging at the site.
“These (nine) centres will support entrepreneurship and development of innovative start-ups by providing software, tools and training to new software and technology companies utilizing Java and the Oracle platform," the company said in a statement.
The centres will be located in Bengaluru, Chennai, Gurgaon, Hyderabad, Mumbai , Noida, Pune, Trivandrum and Vijayawada.
On the company’s plan to train students in computer skills, Catz said Oracle Academy aims to expand its partnerships to 2,700 institutions in India from 1,700 at present, so as to reach 500,000 students annually.
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