SAP News

SAP to Double Investment in India - SeekingAlpha: "SAP AG chairman & CEO Henning Kagermann said his firm will invest $1 billion in India over the next five years in order to expand its operations there. Mr. Kagermann speculated that 'most of it will be on people.' SAP currently employs 2,750 in India with plans to increase this number to 3,500 by December and double its Indian work force during its five year investment period. SAP has invested $500 million in India to-date since it began operations there in 1996. SAP however, isn't the only global tech company targeting India. In June, IBM Corp. announced a tripling of its investment to $6 billion over three years. Microsoft Corp. said last December that it plans to double its work force with a $1.7 billion investment over four years. And around that time, Intel Corp. announced a $1 billion investment plan. "