Oracle provides grants to Karnataka polytechnics
Friday, 22 December 2006, 18:30 IST
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New Delhi: Oracle India Pvt Ltd, a 100 percent subsidiary of Oracle Corp, one of the world's leading enterprise software companies, announced its $5.4 million grant to 100 polytechnic institutes in Karnataka to introduce the Oracle Academy program. The US-based conglomerate has signed a memorandum of understanding (MoU) to this effect with the Directorate of Technical Education (DTE) under the ministry of higher education of Karnataka, stated a company statement. The program will provide the polytechnics with a world-class curriculum, software and professional development over the next two years. "The MoU will be implemented by the Board of Information Technology Educational Standards. As a result of this collaboration, the faculty of the polytechnics of Karnataka as well as the students can get state-of-art IT training free of cost and will be able to match their skills with the engineering students of the state," said Kaushik Mukherjee, Karnataka's principal secretary (education). The IT major also plans to extend the reach of Oracle Academy to more than 30,000 students in 200 education institutions. This agreement raises Oracle's total grants to higher education institutions in India to $255 million. In the first phase of implementation, 50 polytechnic institutes will start teaching the Oracle Academy course from the next academic semester that starts in early 2007. The remaining 50 institutes will introduce the course in late 2007.
Source: IANS
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