Oracle To Invest $400Mn In India, To Set Up 9 Facilities
Global enterprise software giant, Oracle has announced major investment plans in India. The company has announced to invest $ 400 million for setting up its first incubation centre in the country. The incubation center called ‘Oracle Startup Cloud Accelerator’ will be set up in Bengaluru. Apart from this facility, Oracle will also set up eight more incubation centre in different cities. Oracle has also announced its support to Digital India, Start Up India and Skill India initiatives.
Addressing the delegates at Oracle CloudWorld in Mumbai on Thursday, Thomas Kurian, President of Product Development said that Oracle Startup Cloud Accelerator aims to supports small and medium organization and Startups and speed up its development. Oracle Startup Cloud Accelerator is a global startup accelerator initiative by Oracle. It is said to be the second largest facility after Oracle’s headquarter in California.
The Bengaluru center will spread over 2.8 million square feet and will be inaugurated on April 8. The other centres are slated to launch later in Chennai, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Trivandrum and Vijayawada. Sanket Atal, Group Vice President of Development of Oracle will be heading this project.
Kurian said that the company is aligned with Government of India’s Start Up India and Skill India initiatives and working closely with the Maharashtra government in couple of crucial initiatives. He said that in order to help startups have a better chance of succeeding, Oracle Startup Cloud Accelerator will provide them with structured mentoring, the requisite technology and co-working space.
Oracle on Wednesday unveiled ‘Oracle Cloud at Customer’ in India. This is the first-of-a-kind service in the country that allows the cloud platform to function right inside customers’ own data centers. Shailender Kumar, Managing Director, Oracle India said that the company is bullish over its cloud business in the country. He said that India is a strategic country in Oracle’s global business strategy. “We provide a complete gamut of solutions to the enterprises and that sets us different from the competition. We are making cloud adoption among enterprises simpler,” said Kumar.
Oracle also announced its commitment towards Skill India initiative. The company announced to expand its partnerships with the educational institutions in India to 1,000 institutions, with a goal of reaching 500,000 students annually. Oracle Academy currently partners with more than 1,700 educational institutions in India.
Talking about Oracle’s alignment with the state government of Maharashtra, Kumar said, “We are exploring the opportunity with the Government of Maharashtra on some of the crucial projects and soon we will announce our strategy.”
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