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SAP, a leading cloud company with 200 million users worldwide, has announced a major investment in the Indian market.
SAP plans to invest €55 million (about $67.5 million) in India to localize and, as the company puts it, offer customers a multi-cloud choice. The company adds that it is underscoring its commitment to India by making available its multiple cloud solutions in Indian data centres.
By Swastik Sharma
NITI Aayog recently released the draft of Data Empowerment and Protection Architecture (“DEPA”) for public comments. DEPA is the last layer of India Stack and the next significant digital public utility after UPI, as it scales and expands the financial sector NBFC-AA (Account Aggregator) model to other sectors. Apps built upon DEPA can offer services on the basis of one’s personal data like tax returns, expenditure behaviour or invoices raised through Amazon. Although the draft DEPA has few creases to iron, let’s first discuss what makes it so special that it is being compared to inventions like GPS.