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SAP taps Vietnam and Singapore as its dual R&D engines in South-east Asia
SAP taps Vietnam and Singapore as its dual R&D engines in South-east Asia

Business Times

time2 days ago

  • Business
  • Business Times

SAP taps Vietnam and Singapore as its dual R&D engines in South-east Asia

[HO CHI MINH CITY] Germany-based enterprise software giant SAP has launched its next digital innovation hub in Ho Chi Minh City on Thursday (Aug 7), with plans to invest more than 150 million euros (S$224.9 million) over the next five years and grow the new centre's headcount to 500 by 2027. This is the Frankfurt Stock Exchange-listed firm's second SAP Labs in South-east Asia after Singapore and the 22nd one globally. Manik Saha, managing director of SAP Labs Singapore and Vietnam, told The Business Times that the firm is focusing on Singapore and Vietnam as its two engineering hubs in South-east Asia, developing products and solutions for global customers, with no foreseeable plans to expand to other locations in the region. 'The flight distance from Singapore to Ho Chi Minh City is about two hours, which means that it's very easy to work together to take the best of both worlds and create even better products,' he said. While the Singapore hub focuses on deep technologies such as artificial intelligence (AI) and machine learning, SAP Labs Vietnam plays a key role in developing SAP's core products, including sustainable digital supply chains and intelligent enterprise solutions. 'I see it as complementary, simply because all these products will need AI embedded into them,' Saha noted, adding that AI experts in Singapore have been flown to Vietnam to deliver some training sessions for local teams. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up Since its establishment in Singapore in 2022, SAP Labs has hired 200 AI engineers in the Republic, out of a total headcount of 420 as at March this year, with most recruited from local universities and institutions of higher learning, including the National University of Singapore (NUS) and Nanyang Technological University (NTU). The same approach to growing its tech workforce in Vietnam has been adopted, with Saha noting that SAP Labs has formed partnerships with three key universities, including the University of Information Technology and the University of Sciences – members of Vietnam National University, Ho Chi Minh City (VNU-HCM), as well as the Vietnamese-German University (VGU). The software giant aims to hire up to 350 people for the new centre in Vietnam in 2025, building on more than 200 employees already onboarded since September 2024. 'Vietnam has a solid quality of engineering graduates,' said Saha. 'We are building a community where we can grow together with engineering and innovation in this location.' Speaking at the launch event, Vietnam's Deputy Prime Minister Nguyen Chi Dung encouraged SAP to continue upskilling and expanding its tech workforce in Vietnam – potentially from 500 to 5,000 – by tapping the strong Vietnamese talent pool in Stem fields, referring to science, technology, engineering and mathematics, both locally and abroad. Meanwhile, SAP is taking a measured approach to scaling up its team. 'We want steady growth in new hires because we aim to maintain a certain level of quality,' said Saha. 'We want product ownership out of Vietnam ... make sure that the people we bring in become global experts in what they do at some point.' As one of the largest European software firms, SAP serves over 440,000 customers in more than 180 countries, including around 700 clients in Vietnam. Its global revenue in FY2024 amounted to 34.18 billion euros, marking a 10 per cent increase compared to the previous year.

India was fortunate to have a steady growth in this transformative period, says Ashwini Vaishnaw
India was fortunate to have a steady growth in this transformative period, says Ashwini Vaishnaw

The Hindu

time3 days ago

  • Business
  • The Hindu

India was fortunate to have a steady growth in this transformative period, says Ashwini Vaishnaw

Geopolitics, geoeconomics and geotechnology are all changing the world order and hugely impacting businesses and economies globally, said Ashwini Vaishnaw, Union Minister for Railway, Information and Broadcasting and Minister of Electronics and Information Technology, in Bengaluru on Tuesday (August 5, 2025). During this transformative period, India was fortunate to have a steady growth, he said while delivering a keynote address virtually to SAP Labs' leadership and employees at the Garman tech major's newly set up SAP Labs India Innovation Park at Devanahalli in the City outskirts. Commenting on India's economic growth and technological advancements in Railways even under challenging times, the Union Minister said, 'From being the 11th largest economy in the world 11 years ago, India is now on track to become the third largest economy soon. Electronics exports have grown 8 times in the last 11 years. Very soon, we will start the production of the first Made in India chip. The Bullet train accelerates from 0-100 kmph in 54 seconds whereas Vande Bharat does it in 52 seconds.'' He further said, as part of the union government's initiatives to democratise compute power, 34,000 GPUs were made available to every student, researcher, and college startups across the country, a provision made through a Public-Private Partnership. Cost of per computing was less than a $ in India when that was $2.5 globally. 'This is the kind of empowerment we are doing for young innovators. We in India decided to democratise access to compute power and in a very interesting public private partnership.' SAP Labs invested €194 million to set up SAP Labs India Innovation Park, on a patch of 41 acres of land, and the facility is expected to create 15,000 jobs for AI innovators. 'SAP's this new facility in Bengaluru is a timely investment in India's growth story. This campus reflects global confidence in India's talent and innovation ecosystem. It will further boost India's position as a trusted technology partner,' Mr. Vaishnaw said. SAP's new innovation campus would reflect global confidence in India's talent and innovation ecosystem, said the minister. Strategically located near Kempegowda International Airport, SAP Labs campus is envisioned as a flagship innovation and R&D hub for India and the broader Asia-Pacific region. Once fully operational, it will house 15,000 professionals, making it SAP's largest office in India, and will anchor Global AI roles in Product Engineering and Customer Services & Delivery, according to company officials. The facility would lead the development of Joule's agentic AI capabilities, reinforcing India's growing role in AI innovation. As a future-ready facility, the campus would also feature a Customer Experience Centre, hybrid collaboration zones, AI labs, startup incubation hubs, hackathon spaces and plenty of green zones.

Structured collaboration, policies positioning Karnataka as epicentre of Indias innovation: CM
Structured collaboration, policies positioning Karnataka as epicentre of Indias innovation: CM

Mint

time3 days ago

  • Business
  • Mint

Structured collaboration, policies positioning Karnataka as epicentre of Indias innovation: CM

Bengaluru, Aug 5 (PTI) Karnataka, led by Bengaluru, powers a significant share of India's electronics and R&D exports, as well as global capability centres and unicorn tally, with dynamic synergy of industry, academia, and policies making it the epicentre of the nation's innovation revolution, Chief Minister K Siddaramaiah said on Tuesday. Speaking at the inauguration of SAP Labs India's new campus at Devanahalli, Siddaramaiah said the new campus is a testament to Karnataka's strengths, tech-savvy talent, world-class infrastructure, and progressive policies that make the state a "magnet for global innovation". "Karnataka contributes over 8 per cent to India's GDP and leads the nation in IT exports with a 35 per cent share. We are proud to account for over 40 per cent of India's electronics and R&D exports, hosting 500-plus global capability centres, 400-plus R&D labs, and 18,300-plus startups," he said. Bengaluru, the startup capital of India, is home to over 40 per cent of the nation's unicorns, he said, adding, "this vibrant ecosystem where industry, academia, and government collaborate seamlessly has made Karnataka the epicentre of India's innovation revolution". The state government is laying the foundation for balanced and decentralised growth across Bengaluru, he pointed out. Karnataka is deeply committed to fostering a pro-industry and pro-innovation environment, and its policies are paving the way for the next wave of global tech investments. "Devanahalli is fast emerging as a vibrant hub for technology and economic growth. Our government is committed to transforming Devanahalli into a major technology and innovation cluster with metro connectivity approved in the Karnataka Budget 2025 and suburban rail expected by 2029, " the CM said. The new SAP Labs campus designed to house 15,000 professionals in the long term will strengthen Karnataka's position as India's innovation workforce engine, he noted.

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