3i Infotech launches NuRe Park, Centre of Excellence in Tirunelveli; stock gains ~2%

7 Jul 2022 , 01:25 PM

3i Infotech Limited informed that the company has launched a pathbreaking initiative deep South, in Tirunelveli.

It announced setting up of NuRe Park, its First Centre of Excellence (COE) — Hub & Spoke Network across India, for Oracle Applications development as well cloud, security, application, and analytics across Oracle.

This COE is a 100-seat facility at Tiliconveli Tech Park in Tirunelveli, created in collaboration with Mikro Grafeio Services Private Limited, a leading Workspace & Workforce Solution provider. With this COE under Oracle’s aegis, these young students from the region will gain experience working on projects for global clients, preparing them for job readiness – acting as a bridge from campus to corporate.

The primary goal of this COE, as well as its Oracle Partnership, is to develop a strong talent pool in the emerging technology landscape. This aligns with the Company’s business ethos of ‘innovate, incubate, invent,’ as well as its goal of skilling India and providing job opportunities across urban-rural divides.

3i Infotech is currently trading at Rs42.45 up by Rs0.95 or 2.29% from its previous closing of Rs41.50 on the BSE. The scrip touched intraday high and low of Rs42.70 and Rs41.25 respectively.