Cisco to invest USD 1.7 bln per year in India operations

Monday 17 November 2014 | 08:46 CET | News
Cisco plans to invest nearly USD 1.7 billion in India operations this year, Cisco India's president Dinesh Malkani told The Economic Times. "The investment includes a USD 40 million innovation fund and investments into research & development." Cisco plans to bid for large government contracts for smart cities and other Digital India projects. Back in August, Cisco CEO John Chambers said he wants Cisco India's contribution to the parent company to jump from the less than 2 percent currently to at least 5 percent.

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Categories: Internet / IT
Companies: Cisco
Countries: India
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