Here is an excerpt form the Bangalore Teched press release :

A Growing Commitment to India
SAP has located one of its SAP TechEd conferences in India in recognition of the country's rapidly growing enterprise software market and as a demonstration of SAP's commitment to serving companies of all sizes in the region. In August, SAP announced that it has elevated India to the status of a strategic hub and has inaugurated a new office in Gurgaon to help SAP sustain and build on its current market share momentum. With more than 1,150 customers and 2,500 installations in India, SAP currently possesses 54 percent of the ERP market and anticipates further growth in many regions of the country. Therefore, SAP plans to invest $1 billion over the next five years to further expand its footprint in the region, enhance operations and service to new and existing customers and utilize the talent in the region to increase the research and development contribution of SAP Labs India to 20 percent of the company's global research and product development efforts.

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