The California based tech company is looking to expand its cloud services capabilities massively through the move.
US based Oracle, one of the biggest technology companies in the world, announced on Wednesday, May 10, that it is planning to build a data centre in India within the next 6 to 9 months. The tech giant, which is also a major competitor of Microsoft, Amazon, and Google in the cloud computing services space, is looking to massively augment its cloud services in the country through this move.
Oracle CEO Safra Catz was on a three-day visit to India when the announcement was made, and Oracle said in an official statement that the company would be considering several proposals from both Government and business partners in order to finalise on the best option that would give customers the ability to develop and transfer their workloads smoothly, to an India-based cloud.
It added that this would not only help the company provide its customers with unprecedented security and performance, but also a massive price advantage over existing on-premises infrastructure, as well as competitive cloud offerings. Oracle President (Product Development) Thomas Kurian stated that the company is leagues ahead of its competitors in terms of speed and costing as well.
With the expansion, Kurian added, Oracle would moreover be able to add to its already expansive repertoire of services available to its customers, through the deployment of ‘Oracle Cloud at Customer’, as well as several Oracle Cloud data centre regions in the Asia Pacific area. Alluding to information provided by one of its customers, Kurian stated that cloud computing services offered by Oracle were not only 20% cheaper but also roughly twelve times faster than Amazon.
The company also mentioned in the statement that the Oracle Cloud Platform has been modified and updated to build applications utilising India Stack services, which is a set of application program interfaces (APIs) that help start-ups, businesses, developers, and even Governments to facilitate presence-less, paperless, and cashless service delivery, using a single distinctive digital infrastructure.
Any information regarding the details of the proposed investment, however, still hasn’t been divulged by the USD 37 billion firm, which had announced a USD 400 million investment and expansion plan in Bangalore last year, as part of one of its largest real estate ramp-ups of all time. Providing its services to customers in more than 195 countries, the California-based firm claimed that it processes as many as 55 billion transactions per day.
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