Cisco plans to invest up to $1B in India

By agencies   |   Wednesday, 19 October 2005, 07:00 Hrs
Printer Print Email Email
NEW DELHI: Cisco Systems Inc, the world's largest maker of Internet equipment, plans to invest between $500 million and $1 billion in Asia's third largest economy. The company’s President, John Chambers, will announce the investment plan during his three-day visit to India.

According to the highly placed sources of the company, the proposed investment is likely to be canalized in R&D of next generation networks that enable convergence of voice, data and video networks. India is a strategic market for Cisco, where it employs thousands of workers.

SPOTLIGHT
Wipro opens third industrial
IT major Wipro Ltd on Thursday opened its centre of excellence for Industrial Internet of Things (..
Google's Gboard gets offline
Google is adding an Artificially Intelligent (AI) offline dictation feature on its Gboard keyb..
Facebook denies cyber attack
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suf..
IBM announces programme
n a bid to recognise the contribution of developers in the open source community, Information ..