Oracle India to expand

NEW DELHI: Oracle has announced sweeping expansion plans for its Indian

subsidiary after a meeting held between an Indian delegation headed by Minister

of Information Technology Mr. Pramod Mahajan and top level executives from

Oracle Corp. at the company’s Redwood Shores headquarters in the US.

As part of its plans, Oracle will begin constructing its Software Development

Center in Bangalore, India. Oracle intends to invest $14.5 million in this

project. The company already has two software development centers in India–one

in Bangalore and the other in Hyderabad. The new facility is expected to help

consolidate all the offices of Oracle India in Bangalore. The first phase of

Oracle’s expansion is scheduled to be complete by the end of the first half of

2000.

During the Minister’s visit, he acknowledged the contributions made by

Oracle India to the growth of the software industry in the country. He added

that Oracle India was among the first multinational companies to invest in

permanent infrastructure facilities in India.

Speaking on the subject, Oracle Corp’s chief financial officer Jeff Henley

said, "India is the only country outside the US where we are continuously

expanding developer headcount. This additional investment in the country will

provide an impetus to industry growth in Bangalore and in India."