SAP, a leading cloud company with 200 million users worldwide, has announced a major investment in the Indian market.
SAP plans to invest €55 million (about $67.5 million) in India to localize and, as the company puts it, offer customers a multi-cloud choice. The company adds that it is underscoring its commitment to India by making available its multiple cloud solutions in Indian data centres.
With what it describes as one of the largest and most diverse business-to-business cloud portfolios, SAP India says it is a leading cloud company that is aggressively working towards addressing local customer demands.
Along with the investment SAP says it has further fortified its commitment to be data-compliant under India’s pending Personal Data Protection Bill. The bill covers mechanisms for protection of personal data and proposes the setting up of a Data Protection Authority of India.
Kulmeet Bawa, SAP India subcontinent president and managing director, was quoted as saying: “SAP intends to advance the vision of Atmanirbhar Bharat [self-reliant India] by leveraging an agile and scalable cloud technology that is co-developed in India and now made available in local data centres to help Indian enterprises recalibrate their businesses to run better.”
Originally known for leadership in enterprise resource planning (ERP) software, SAP has evolved to become a market leader in end-to-end enterprise application software, database, analytics, intelligent technologies and experience management.