Saturday, February 13, 2016

#Oracle to invest $400 million in India for expansion

Oracle CEO Safra Catz today met with PM Narendra Modi and announced three major investments that support the country’s global digital leadership. Catz unveiled a massive, state-of-the-art campus centered in Bengaluru, 9 incubation centers throughout India, and 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 Catz. “In fact, India now represents our second largest employee base outside of the United States, with nearly 40,000 current employees and an additional 2,000 current job openings. We are investing over $400 million USD in Bengaluru, opening 9 incubation centers, 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.”

“I’m particularly excited about the incubation centers which will house substantial software and technology capabilities, tools, and training to help launch new technology startups built utilizing Java and the Oracle platform,” said Catz.