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Green signal for Oracle's new centre in Hyderabad
By siliconindia
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Wednesday, 29 October 2003, 20:30 IST
HYDERABAD: The decks have been cleared for the exclusive campus of Oracle India in Hyderabad. The company received the final clearance from the state government last week to start the construction of the software development centre in Hyderabad's Hitec City, and work on the project is expected to be taken up from December.
Oracle embarked on the campus project to expand its existing operations in Hyderabad and signed an MoU with Andhra Pradesh government in August last year. The state government had allotted 7.39 acres of land adjacent to Hitec City. Though the built-up area is estimated to be five lakh square feet, Oracle is proceeding with the construction of two lakh square feet of space at an estimated project cost of over Rs 30 crore.
According to industry and government sources, the first phase works would include the construction of a software development centre and an ancillary building. Work on this project ISexpected to be completed within two years to accomodate the company's ramp up plans.
With more than 3,000 people in Oracle India operations, the company expects to grow its headcount to 4,000 by 2004 end. More than 75% of Oracle India's work force operates out of Bangalore and Hyderabad centres.
Meanwhile, the company has appointed Bovis Lend Lease as its project management consultants to manage the project including the selection process of the construction firm. Oracle has brought Chennai-based architects C R Narayana Rao for the project.