Cisco announces $60 mn investment in India

New Delhi, June 18 (IANS) San Jose-based technology multinational company Cisco on Thursday said it will invest $60 million in India and also begin manufacturing in the country to support Prime Minister Narendra Modi’s digital transformation schemes.

As part of its investment, the tech major will train 1.2 lakh students for which it has kept aside $20 million. It will spend $40 million to expand its India facility spread over four million square feet, and designed as a campus-as-a-city.

“We are investing big in India. Cisco is committed to partnering with the Indian government to translate the ‘Digital India’ vision into reality,” John Chambers, chairman and CEO of Cisco, said.

“I believe that India’s entrepreneurial spirit, highly skilled workforce and supportive government will accelerate the country’s digital transformation,” he added.

Cisco in India has already trained 1 lakh students at 198 academies via its Networking Academy programme since its inception.

According to the company, the skill development programme is a cloud-delivered, scalable, high-quality programme that helps students learn how to design, build, secure and maintain computer networks.

As part of its extended strategy, the tech major that outsources most of its manufacturing said that it was looking to start manufacturing in India.

“Owing to this commitment, we have taken the first step towards setting up the manufacturing ecosystem here,” Chambers said.

“We will prioritise and soon bring our supply chain together to start manufacturing products like broadband equipment and target defence contracts,” he added.

The company, which invests $1.7 billion in India annually and has its second headquarters here, is also going to witness change in leadership as Chuck Robbins will take over as CEO.

“The Indian government’s vision for a ‘Digital India’ is truly transformative and will create huge opportunities for the country and its citizens,” Chuck Robbins, the incoming CEO, said.

“Cisco believes our renewed local investments, global expertise and world-class innovation will accelerate the government’s vision to create sustainable competitiveness and prosperity. We are deeply committed to partnering with India to achieve its digital vision,” he added.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here