Cisco Systems on Track with India Investment, Says CEO

6:00 am on October 30, 2007 | Category: Business, Corporate

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American networking giant, Cisco Systems, is on target to invest $1.1 billion in the Indian market, as it committed to do over a three-year period in 2005, according to CEO, John Chambers.

“We are very much on target,” Chambers said yesterday, noting that Cisco would employ 10,000 people in India by the end of 2010. The Cisco Chief Executive is currently visiting Bangalore, India, to inaugurate the company’s new campus in the city.

“We see this country as the platform for our globalization efforts,” Chambers explained in an interview. “With a solid education system, partnering mentality, strategic location, supportive government and innovative mentality, India is a country whose future we believe in and are investing in strongly.”

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