Cisco plans to invest up to $1B in India

By agencies   |   Wednesday, 19 October 2005, 07:00 Hrs
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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.

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