Asia Express - Data Communications
Cisco to Make US$1.1 Billion Investment in India
October 21, 2005
Cisco announced on October 19 that it will invest US$1.1 billion in its Indian operations over the next three years. The company has set aside US$750 million for R&D, US$150 for leasing and financial services for customers, US$100 million for investments in Indian start-ups, and US$100 million to improve customer support. Cisco already has an R&D center in Bangalore. Furthermore, Cisco expects to triple its working force in India from the current number of 1,400 people, while it anticipates that it will be able to achieve 30% annual revenue growth in the coming three years. There are no direct plans to establish manufacturing sites in India, although the company stated that this might happen in the longer term.