German business software giant SAP is eyeing the Indian subcontinent as its main software development hub according to comments from CEO Henning Kagermann.
Kagermann, who is visiting the southern high-tech metropolis of Bangalore, told local reporters that India is one of the three fastest growth markets for SAP and a global hub for our software development.
Kagermann backed up his statement saying that SAP will invest $24m (20m Euros) and hire an additional 2,000 software programmers by the end of 2006.
Waldorf-based SAP already operates a sizeable development center in Bangalore which employs over 1,000 people.
With over 3,000 Indian developers, Bangalore will become SAP’s largest development facility outside its German headquarters.
India, with its local pool of highly skilled, yet comparatively cheap, software talent, is the main attraction for companies like SAP to outsource their programming and other white-collar jobs to.