11th December 2006

Cisco announces updates on its 1.1 B$ investments in India

In October 2005, John Chambers, Chairman and CEO Cisco Systems had announced a 1.1 B$ investment in India. In his recent visit to India last week, he re-iterated Cisco’s commitment while outlining the importance of India in Cisco’s global growth strategy.

Cisco’s key investments in India include a new R&D campus in Bangalore, increasing by threefold its local workforce, launching a manufacturing pilot facility for local market and allocating funds for venture capital investments in high growth and nascent companies based in India. Investments are expected in companies involved in broadband content and digital media.

All these are in line with John’s vision of the network becoming the platform for all forms of communication and ICT – also the topic of his interesting talk in Singapore last Friday.

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