Speaking on the occasion, Dr Reddy assured the captains of the industry and trade that his Government would provide the infrastructure, including power, water and road. He also referred to the Government's ambitious plan to develop an eight-lane super hi ghway (outer ring road) around the city.
The inauguration of the Centre bore a testimony to India being an important market for Oracle Corporation, its senior Vice-President, Mr John Wookey said here.
"India with its largest pool of engineering talent, is one of the two jewels for Oracle in the Asia-Pacific region and a very important market for Oracle both in terms of business opportunity as well as talent pool available for development of products," he said.
Indian domestic software market, which was in the tenth position in the Asia-Pacific region had witnessed a steep growth curve to reach the fourth position with a business of $7 billion and was all set to stabilise in the third position after Japan ($20 billion) and China, overtaking Korea in the region.
Operating as part of the global development organisation, the Hyderabad Centre, "leveraging on the 24-hour cloak," would build and expand the capabilities of Oracle's business applications software for the global market in close coordination with the Cal ifornia-based Global software development team, Oracle India (Applications Development) Vice-President, Mr Murali Subramaniam explained.
India accounted for Oracle's largest research and development Investment outside the United States.
