The launching has been done by Oracle with a view to foray into fresh demand for storing data locally in India.
“Data localisation requirements in India has created a massive latent demand for local cloud data centres. Demand has already outstripped our expectations from Mumbai datacentre,” Andrew Sutherland, SVP-Technology, Oracle EMEA and JAPAC, said.
Also, Oracle has planned to add 20 new Gen 2 Cloud data centres globally by the end of 2020. With an aid of a local data centre opened by Oracle, the company bets on expanding rapidly in India.
Interestingly, Indian data centre has already become the fastest growing cloud data centre for Oracle globally even as the company officially opened it up for all customers on Friday.
Placing a strong strategic plan for its competitors, Oracle has inked agreement with some of the large banks such as HDFC Bank, Federal Bank, and Vysya Bank as clients for its India data centres.
“Autonomous database is a true disruption. It is a huge change. This has the capability to redefine value that can be delivered from your workforce. That value mapping will change with autonomous cloud and with machine learning within apps, much of decision making can be automated,” Sutherland added.
“Our Gen 2 Cloud is the only modern, secure, enterprise-grade cloud that provides customers a strong foundation to unlock innovation faster and drive new business growth. We’ll help customers migrate to Oracle Cloud seamlessly as they look to scale their business for the experience economy,” said Shailender Kumar, regional managing director, Oracle India.
Furthermore, as per the report by Gartner, public cloud services revenue in India is projected to total $2.4 billion in 2019, an increase of 24.3% from 2018.