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May 1, 2015

Software major Oracle Corporation to set up its new base at GIFT City

Software major Oracle Corp is all set to start its innings in GIFT City. Oracle has taken on rent three floors totaling upto 19,000 sqft in GIFT Tower 1.It plans to shift some of its current human resources from Tech City Bangalore. This movement by Oracle will be the start of the software titans setting up their operations in GIFT City.

 

 

The company is desisting from answering the reason behind setting up a base at GIFT City. However, rumour is abuzz that Oracle will use this centre to manufacture financial software products. This is in a bid to gain advantage over the other tech giants and tap the opportunity which will available once the companies in BFSI segment establish their offices in GIFT City. Oracle is proposing to set up a training centrewhich will help in the employee capacity-building. It also proposes to set up an R&D facility at GIFT City. The floors being occupied by Oracle has a capacity to accommodate 150 to 200 employees.


GIFT city MDRamakantJhaon this development revealed that Oracle was proposing to take only 1 single floor, but now they will take on rent 2 more floors.

Due to this development, the property market in Gandhinagar and Ahmedabad has got a fillip with enquiries coming in from Oracle. The software giant is looking to accommodateits employees in the twin cities and in the new complexes on SG Highway.

 

 

 

 

 

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