Oracle opens product development centre in Gujarat.

Oracle India is ramping up its engineering and product development team in India, with the opening of its 10th product development centre in Gujarat International Finance Tec-City, Gandhinagar.

Oracle invests $1.6 billion of its annual $5 billion R&D spend in its India product development centres, largely by way of salaries to R&D employees. In FY2015, Oracle hired more than 2,300 engineers for product development functions in India, of which 18 per cent were college graduates. The company will continue to hire as its business grows, said Thomas Kurian, product development president for Orcale.

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