Financial Daily from THE HINDU group of publications
Thursday, Mar 14, 2002
Financial Daily from THE HINDU group of publications Thursday, Mar 14, 2002 |
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Info-Tech
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Software Corporate - New Projects Oracle not shifting R&D centre out of India -- To expand operations in key Asian markets Our Bureau
HYDERABAD, March 13 ORACLE Corporation is seeking to further expand its operations in key Asian markets and the investments in developing new technical resources is an indication of its strong commitment to the Asian region, Oracle has maintained. Denying a recent report about Oracle India's plans to shift India development centres to China, Oracle Corporationsaid, ``India remains an important market for Oracle and we are committed to our research and development operations in Bangalore and Hyderabad.'' In response to the report from China that said that Oracle might relocate its India development centres, Oracle affirmed that it was not relocating its Indian R&D centre to China. The Executive Vice-President, Oracle Asia-Pacific, Mr Derek Williams, in a statement said, ``as Oracle consolidates its position in the growing area of Internet-based remote services, India will continue to play a key role in its global strategy.'' Oracle was amongst the first major US software companies to establish an R&D lab in India and has continued to expand the size and a scope of its operations in the country. The India development centres work on the range of Oracle products, covering its flagship database, development tools, Web technologies and e-business applications products. In recent years, Oracle has enhanced its commitment to India with the establishment of a global consulting group in Bangalore and global products support centres in Bangalore and Hyderabad. It also had announced plans to ramp up Hyderabad operations. However, Oracle said that it was seeking to further expand its research and development operations in key Asian markets such as China to provide quality products and services that matched the language requirements and unique customer needs in North Asia. Oracle maintained that at the same time, many Asian customers were already leveraging the capabilities of the development, support and consulting groups in India and would continue to do so in the future.
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