Oracle to hold global conference in Mumbai in April

After announcing a $400-million investment in technology hub Bengaluru, global software major Oracle on Saturday said it will be hosting a global conference in the financial capital in April.

"In April, we will have the Oracle Cloud World right here in Mumbai where we can bring technology players and the brightest thinkers together," its global Chief Executive Safra Catz said at a special event to launch the Make in India Week here.

Impressed by the opportunities presented by India, she said this is the "greatest possible time" to be present in the country, which has the highest percentage of youth under 35 in the world.

Additionally, high-decibel campaign such as Digital India and Start-up India only make it "more compelling" for a technology company, she added.

"We have the technology to allow India to leapfrog ahead to go where others have not been yet," Catz said.

The announcement to hold the Oracle Cloud World in the megapolis comes after Catz announced an investment of $400 million to set up a campus in Bengaluru yesterday.

Catz on Saturday said the company will also be starting a social sector initiative to train 5 lakh people with additional education with a special focus on young women and also create nine incubation centres for start-ups.

Over 2,500 international and 8,000 domestic companies are participating in the week-long multi-sectoral industrial event, which is also being attended by foreign government delegations from 68 countries and business teams from 72 nations.