On the heals of IBMs announcement of investment of 6 Billion in india, SAP has announced an investment of 1 Billion in India.The professor - "Kaggerman", described India as one of the company's top eight strategic markets for the company. SAP has 1,024 customers in India.SAP, Germany also announced that 20 percent of its global research and product development, as well as services and support, will come from India by the end of this year.

Update: SAP has discussed some of the initiatives that are planned in India:
New Gurgaon office - part of SAP's expanding footprint in India
SAP's expansion in Gurgaon is a strategic move that will provide further impetus to SAP's growth and reinforce its commitment to the Indian market.

Increasing contributions from India to SAP's global R&D & GSC
SAP's second largest R&D hub, SAP Labs India is part of a dynamic community within SAP's global R&D organization. By the end of this year, SAP Labs India would be contributing to about 20% of SAP's global research and product development. Likewise the GSC in India will also be looking at an equal share of contribution along all major lines of services.

India is elevated as a Strategic Hub globally
Moreover, in recognition of the fast-paced growth in the Indian market that SAP has witnessed, Kagermann announced the elevation of India to the status of a strategic hub. This status will bring to SAP India more attention, resources and additional focus required to sustain and build upon the current momentum of SAP's broad-based growth in the Indian Sub Continent.

Meeting unique customer needs with new Centers of Excellence
Encouraged by the success of the SAP NetWeaver CoE set-up last year at SAP Labs India in Bangalore, SAP has announced the setting up of new CoEs around key focus areas, another endeavor to highlight SAP's best in class solutions to Indian enterprises and to provide a platform for SAP partners to showcase their capabilities.

Source:1

Prashanth Rai