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BANGALORE, India Cisco Systems Inc. plans to invest more than $1 billion in India over the next three years into research and development, sales and startups.
Cisco Chairman and CEO John Chambers outlined the networking company’s $1.1 billion investment plans during a meeting with India’s Prime Minister Manmohan Singh and Information Minister Dayanidhi Maran in New Delhi on Wednesday (Oct. 19).
"Cisco believes that the Internet, and related technologies, will be a key enabler for India to achieve its goal of becoming a developed nation," Chambers said.
Last year, Cisco announced several strategic investments. Cisco, which set up shop in India in 1995, has an R&D center here employing about 1,400 staffers. That total is expected to triple over the next three years.
Cisco’s Indian investment plans include:
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