Cisco Provides Update on US $1.1 Billion Investment in India

Cisco Provides Update on US $1.1 Billion Investment in India

Cisco® today announced that it is on course with its US $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,” said Chambers. “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.”

“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,” said Mr. Dayanidhi Maran, Minister of Communications and IT.

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