Ramping up its engineering and product development team, Oracle India has inaugurated its 10th product development center in Gujarat International Finance Tec-City, Gandhinagar, reports Business Line.
The company invests $1.6 billion of its annual $5 billion R&D budget in its India product development centers. In FY2015, Oracle hired more than 2,300 engineers for product development functions in India, of which 18% were college graduates. Of the company’s 36,000 product development workforce worldwide, 10,000 engineers and developers are in India, making it Oracle’s second largest R&D workforce globally.
Shailender Kumar, MD, Oracle India said growth in sales for FY2016 would be driven by demand from PSUs, BFSI, telecom and manufacturing companies.