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You should be able to change ODI timeout parameter from ODI Studio. (If yours is ODI 11g)
Goto Menubar > ODI > User Parameters , there you should see Oracle Data Integrator Timeout property & change from there.
Or if you want to change for Standalone agent, you can change in odiparams.bat file. It has setting ODI_CONNECTION_RETRY_COUNT & ODI_CONNECTION_RETRY_DELAY.
See if this solves your issue.
you can also try below in odiparams file