Oracle is making an investment of over $10 million to set up an Oracle Applications Development Centre (OADC) at the Hi-Tech City near Hyderabad in India.
Announcing this, Louis Selincourt, the company's vice president of industry and front office applications, said the OADC will begin operations on 15 July.
This is the second computer giant from the US to locate its facility in Hyderabad - Microsoft announced its plans to set up a software development centre there earlier this year. Oracle is also setting up an Oracle School in the industry driven Indian Institute of Information Technology (IIIT).
The OADC will develop industry and front office applications software, employing 250 professionals.
According to Selincourt, many activities currently based in the US will be delegated to the Hyderabad Centre. "Oracle's move to decentralise its industry and front office applications development is part of a strategy to take advantage of the exceptional technical resources available in the Andhra Pradesh region," he said.
He said the $10 million investment on the Hyderabad facility was "just initial, and significantly greater injection of capital is in the offing after the review of work done in the first year".
Rama Velpuri, executive director of the OADC, said that, given the time difference with California, the Hyderabad center will give Oracle a 24-hour development cycle, reducing time to market and increasing quality.
The OADC will focus on solutions development for global vertical sectors and on a new front office suite for Oracle Applications.
Explaining the choice of Hyderabad for setting up Oracle's second facility in India, Selincourt said that the state government's support for technology, the city's position as a training hub for Oracle application skills, locally available technical resources, growing infrastructure to support growth and the presence of a large number of software application partners made it first choice.
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