With the increase in demand for cloud services from government as well as the corporate sector, Oracle is looking to set up a data centre in India soon. According to Thomas Kurian, the president for product development of the U.S tech giant, the data centre is expected to be up in the next 12-14 months. While Oracle maintains several development centres in the country presently, these data centres will be the first of their kind here.

In February 2016, Safra Catz, the CEO of Oracle made a statement in which she announced that the company would be investing $400 million to ramp up its facilities in Bangalore and also setting up new “incubation centres” in different parts of the country. In a more recent statement, however, Kurian said that the company would be investing well over the promised $400 million.

“Over the coming months, Oracle will be reviewing proposals from government and business partners to provide customers with the capability to build and move workloads to an India-based cloud,” Oracle said in a statement. This will enable the company to deliver secure services to its customers with a “significant price advantage”.

Kurian also commented saying,

With this expansion, we will be able to further support customer choice adding to capabilities already available through deployments of ‘Oracle Cloud at Customer’, as well as other Oracle Cloud data centre regions in Asia Pacific.

Oracle’s revenue in the financial year of 2016 came up to a whopping $37 billion. The company has now announced a resource planning software for compliance with the goods and service tax (GST). This enterprise is expected to launch the same on July 1st.

The company is currently seeking applicants from technology startups for its new Startup Cloud Accelerator Program centres in the National Capital Region (NCR), Mumbai, and Bengaluru. Further, Oracle is launching a university program for students to help them learn how to work with startups.  It has tied up with BITS Pilani to introduce this university program, which has come about as a follow up to the Startup Cloud Accelerator Program.

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