New Delhi: Cisco on Wednesday announced that it is on course with its $1.1 billion investment in India that it announced in October 2005 and is expanding its commitment to its initiative in India.
The company also expects to triple its workforce in India over the next three to five years. John Chambers, Chairman and CEO of Cisco Systems, discussed the company’s investment progress in India today with the Honorable Minister of Communications and Information Technology, Shri Dayanidhi Maran, a year after outlining its latest investment plan with the nation.
“India is a very important market for Cisco’s global growth strategy. With the strong support of its government, India is committed to economic growth and development with a focus on building out broadband infrastructure, fostering a first-class educational system and creating a favorable environment for innovation and partnership. Cisco is committed to its on-going investment plan in India, as well as its partnership with the Indian government,” Chambers said.
“Cisco’s growing investments across all its operation areas in India is a vindication of the increasingly self sustaining ecosystem that the country provides for businesses to thrive and compete in a globalised economy. Additionally, Cisco is also supporting initiatives aimed at using Information and Communication Technologies to stimulate economic and social development. The use and application of ICT remains the most powerful engine for economic growth,” Minister of Communications and IT Dayanidhi Maran said.
“We welcome global IT majors such as Cisco that are committed to India’s economic development and provide greater opportunities for our people,” he added.
Cisco first established operations in India in 1995 and today employs over 2,000 people in the country in its Global R&D center in Bangalore and sales offices in New Delhi, Mumbai, Bangalore, Chennai, Kolkata, Pune, Hyderabad and Colombo, Sri Lanka.
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