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SAP to Invest USD 1 Bln in India; Double Headcount to 3,500

Enterprise software maker SAP has announced that it would invest about USD 1 billion in India over the next five years, to expand operations.

The company said India is one of the most important markets for the company and would spend about 30 million euros on boosting research and development facilities and also increase its headcount in the country to 3,500 by the end of 2006, from 2,750 now, and double the current number in five years.

SAP, which has been in India for more than a decade, investing USD 500 million with more than 1,000 clients aims to raise its customer-base to 15,000 by 2010.

Earlier in July, SAP reported weaker-than-expected second quarter results, which were blamed on delayed deals and technicalities that meant some orders could not be realised as revenue.


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