Oracle plans to invest $400 Million for its India Operations

Oracle to set up campus in Bangalore, the largest center outside the US

India: Oracle corporation Chief Safra Catz is on her maiden trip to India. She met the Prime Minister Narendra Modi and reveals the plan to set up a campus in Bangalore by investing $400 Million. The campus would work as the incubation center for startups and a comprehensive training center for technology talent in the country.

The company has planned to start the construction of the campus in March which will have the capacity of 11,000 employees.

The Oracle Chief stated that the company has closely studied the Government of India key projects such as Digital India, Smart cities, Start-up India, Make in India and so on. The chief said that all of these projects can gain benefits by using cloud computing services.

Safra Catz discusses with the Prime Minister that all these projects are dependent on new cloud technologies which will mitigate the use of traditional technologies. As well, the deployment of cloud computing services will bring accountability, transparency, and efficiency in the governance.

The company also announced an expansion of its training program which runs by Oracle Academy. The academy has currently partnered with close to 1,700 educational institutes to teach and train students in computer science; it will reach out to 1,000 more educational institutes to provide training to more than 50,000 students per year.

Oracle Academy trains more than 2.6 million students in 106 countries worldwide.

Oracle’s India offices have the second largest employee base outside the US, with currently close to 40,000 employees and an additional over 2,000 job opening across multiple functions.

TechSci Research depicts, Oracle focus on India to set up the campus to train and incubate the young talent will help in flourishing the start-up ecosystem in India. As well, the company is focusing on offering the cloud services to the government, which will have the positive impact on the cloud computing market in India.

A recent report published by TechSci Research, “India Cloud Computing Market Forecast and Opportunities, 2020” discusses the market for cloud computing services in India is projected to grow at a CAGR of over 22% during 2015-2020. The adoption of cloud computing services in India is gaining attraction, with increasing participation expected to be witnessed from both private as well as government sector.