More Investments

India continues to draw interest and investment from large technology companies.
Intel has just announced plans to invest an additional $1 billion in India over five years while Oracle plans to add 1,400 Indian employees (to its existing roster of 8,600) over the next eight months.

While Bangalore, India's IT capital, is the major focus of technology investment, Oracle plans to expand its operations to several more cities.

The bulk of Indian IT work is in business process outsourcing (BPO), support, and development targeted towards North American and European customers, but companies like Oracle are also doing more and more business in India itself. For example, Oracle research recently found that adoption of grid technology came close to doubling in India over the past six months.

Speaking in India, Oracle SVP of Asia-Pacific Keith Budge noted that the region provided 15 percent of Oracle's global revenue during the last accounting year and added that Oracle had signed 400 deals in India in 2005. Also, Asia-Pacific's revenue contribution is on track for 17 percent this accounting year.

Doing more business locally means more local hiring and investment. However, Oracle has not provided details about how it plans to deploy its 1,400 new Indian employees.

Source: Line56

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