11th December 2006

Cisco announces updates on its 1.1 B$ investments in India

posted in Business |

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.

This entry was posted on Monday, December 11th, 2006 at 11:02 am and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

  • Calendar

  • December 2006
    M T W T F S S
    « Nov   Jan »