Processing .....please wait.. 
The article has been forwarded.... 
News >> Technology >>
Juniper to invest $400 Million in India
By siliconindia
|
Tuesday, 24 November 2009, 21:03 IST |
1 Comments
Bangalore: IT and computer networking firm Juniper Networks said that it was viewing India as a strategic market with focus on BFSI, government and telecom sector and plans to invest $400 million in total operations, including research and development (R&D), in the next five years.
"India is a strategic market for us. BFSI, government and telecom sectors are our vital segments," said Sanjay Jotshi, Director of Enterprise and Channels, India and SAARC at Juniper. "As we see revenue growth, we will thoughtfully begin investing more in areas that will continue to drive growth for the company," he added.
The company has invested $200 million to date in its Bangalore R&D facility. This includes infrastructure, equipment for labs and salaries, reports PTI. "The India engineering centre is a crucial part of Juniper success story. Any product shipped by Juniper has some contribution from the R&D centre in Bangalore. Over 25 percent of Juniper's engineers are based out of the Bangalore R&D facility," Jotshi said. Nearly 40 percent of development of Juniper's EX Enterprise Switching portfolio was developed by the Bangalore's R&D centre.