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Oracle Inaugurates Product Development Center in Gujarat, India

Oracle Inaugurates Product Development Center in Gujarat, India

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.

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