Boasting a total investment of roughly $1 billion in India so far, German enterprise software company SAP has recently inaugurated a new SAP Labs facility in its Bangalore campus. The new 5,15,000 square foot facility was built at the cost of 50 million euros.
The facility has a capacity of 2,500 employees and the MD for SAP Labs India, Dilipkumar Khandelwal, said, “Since the past two years, our focus has been on hiring engineers directly from the top colleges rather than looking for experienced hands.” Adding later that, “We are looking to beef up mobility technologies across our products and platforms. Youngsters are the ones who do everything on the phone and they add immense value to our research.” Around 43% of SAP’s hires last year were sourced from campus placement, and the company aims to bring this number up to 60%.
Around 7,500 people are employed by SAP’s engineering division, SAP Labs, in India. Sap employs a total of 10,000 people in India and over 85,000 across the world. Most of SAP’s India employees work out of the Bangalore campus.
The company has also launched a programme called Startup Studio, for which it has allocated $35 million towards the development of 16 startup companies in the 2017-18 fiscal. Another programme called Startup Social is aimed at connecting venture capitalists with startups.