American software giant Oracle is the latest in the list of big corporations to join the Make In India, Startup India, and other initiatives going on in the country.
In her maiden trip to India, the CEO of Oracle, Safra Catz announced a $400 million investment in Bengaluru to build a state-of-the-art campus which will be its second largest campus outside the US.
Apart from this, she also announced the plans to build nine incubation centres and train half-a-million students each year in computer science during this expansion phase to support India’s tremendous growth. “We ‘Make in India’ for the rest of the world,” said Catz.
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 a statement from the PMO.
The 2.8 million sq.foot campus in Bengaluru will house over 11ooo employees from diverse fields such as engineering, marketing, sales, finance, consulting and is expected to become the epicentre of operations in the country.
Out of its global workforce of about 130000 employees, Oracle already has over 40000 employees in India which is also the second largest employee base behind the US. The company is looking to hire 2000 more people for various job openings.
The nine incubation centres will be located in Bengaluru, Chennai, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Trivandrum and Vijayawada.
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 third major plan announced by Catz was the expansion of its training programme being conducted by Oracle Academy. Oracle Academy already partners with more than 1,700 educational institutions in India to train students in computer science education.
Now, it will expand its partnerships to another 1,000 institutions in India and aims to train 500,000 students annually.
Apart from the above announcements, Safra Catz also revealed Oracle’s plans to expand its data centres in the country to strengthen its offering of cloud technology.
I do believe that to make ‘Digital India’ successful, technology is a very critical enabler and our technology is been central to the digital expansion of nearly every country in the world,
She further added that they would most likely partner with groups like Bharti Airtel, who have “lot of experience in these areas” for investment in data centres.