Cisco on track to invest $1.1 bn in India

Cisco on track to invest $1.1 bn in India

By Reuters

New Delhi: Cisco Systems Inc is on target to invest the $1.1 billion (Rs4,337 crore) it committed in 2005 to spend in India and plans to scale up its staff strength, chief executive John Chambers said on 29 October. “We are very much on target," Chambers, who is currently on a trip to India, told reporters.

He added Cisco would employ 10,000 people in India by the end of 2010.

San Jose, California-based Cisco, which makes switches and routers that direct Internet traffic, said in October 2005 it planned to invest $1.1 billion over the next three years in India and triple its staff here.