SAP finds Indian techies too costly.
Economic Times (New Delhi, India), January, 2006
Jan. 31--HAMBURG -- SAP, the world's third-biggest software company, is cutting its recruitment of Indian experts because they are too expensive and is instead looking towards China, its CEO Henning Kagermann said in an interview.
With Indians pricing themselves out of the market, SAP preferred to recruit in China and low-cost eastern European nations. "India is getting too dear," said SAP CEO Henning Kagermann in the interview with the Financial Times published on Monday.
"We've decided to only recruit a certain number more from there, and then to start looking around in other locations," he added.
The Indian software industry, particularly companies based in Bangalore and other high-tech centres, has attracted huge interest over the past...
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