- US technology giant Cisco today met Prime Minister Narendra Modi and Telecom Minister Ravi Shankar Prasad to discuss the company’s manufacturing and business commitment for India under ‘Digital India’ programme.
- Cisco Systems Chairman and CEO John T Chambers said that they will invest big, about $1.74 billion, in the country this year.
- Cisco has a revenue of about $1.1 billion from India and they are expecting their business to grow in double-digits over next four-five years.
- “We need to skill people here for the jobs. We plan to directly and indirectly invest up to $20 million to train additional 120,000 students by 2020”, Chambers said.
- Company’s CEO designate Chuck Robbins said that the company invests $1.7 billion every year, which includes $250 million on its facility in India and rest on its workforce.
- To accelerate the development of India’s electronics manufacturing ecosystem, Cisco will organise a conclave of 75 of its key suppliers in Bengaluru in February to drive collaboration on product development here.
Source: ET, Rediff.com