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SAP to develop web-based application product
3.50lakh sq.ft.new facility to seat 2,000 employees inaugurated in Banglore
SAP Labs India will work on developing a web-based application product in the coming months as part of its strategy to grow further in this market from 24.6 per cent share now, SAP AG Chief Executive Officer and chairman of the Executive Board, Henning Kagermann, said here on Thursday. Speaking to reporters after inaugurating SAP’s 3.50lakh sq. ft. facility to eventually seat 2,000 employees, he said, “it will be global product, partly developed in India, meeting the needs of medium and small sized business in this region.”
To expand partnership
SAP would expand partnership with Indian Institutions such as the International Institute of Information and Technology(IIIT),Banglore, and BITS-Pilani, selecting engineering students to obtain a Master’s degree while working part time with SAP Labs, he said. While a skills storage was felt in India, the growing salary hikes were no longer a serious concern as the Euro was doing better against the Indian rupees now, he added. “We are not in any hurry to increase our head count and will continue to take only the top 15 per cent of engineering graduates,”he explained.