SAP to invest Rs. 500 crore to accelerate its multi-cloud strategy in India

On Thursday, SAP SE announced it would invest Rs. 500 crore (US$ 68.37 million) in India to localise and provide a multi-cloud choice for users. SAP, emphasising its commitment to India, said in a statement that it will make its multiple cloud solutions available in data centres in India.

Mr. Scott Russell, President, SAP Asia Pacific Japan, said, “The commitment of SAP to support India's development vision remains a top priority, and with greater collaboration with India, we are determined to do so.”

He said, “our investment in India is to accelerate the digital agenda of the country and the transformation solutions for our clients in the cloud.”

SAP India is a leading cloud company that is actively working towards addressing local customer demands with one of the largest and most diverse business-to-business cloud portfolios, the statement said.

In order to provide the maximum opportunity and be data compliant under the upcoming Personal Data Protection Bill, SAP further reinforced its commitment to businesses with the advantages of integrated cloud technologies.

Mr. Kulmeet Bawa, SAP Indian Subcontinent President and Managing Director, said, “Customers are now looking for scalability, faster deployment, data compliance and cost-effective alternatives to enable innovation and achieve timely business results.”

He added that SAP seeks to advance Aatmanirbhar Bharat's (self-reliant India) vision by deploying an adaptable and scalable cloud technology that has been co-developed in India and is now available in local data centres to support Indian businesses reconfigure their businesses to function efficiently.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.