Optimistic about India emerging markets CISCO $1 billion 100 million investment plan

In October 20th, CISCO announced a major investment plan will be in India for $1 billion 100 million today. The investment plan further demonstrates the importance of emerging markets in the global economy in India.

CISCO president and CEO John Chambers announced the investment plan during the first day of a three day visit to India, and with respect to India general Rimanmohan Singh (Manmohan Singh) Mr. India, communications and information technology minister Dayanidhi Maran was born in New Delhi on the investment plan are discussed.

Mr Chambers said that India is rapidly becoming an important force in the global economy through wise action by the India government and private entrepreneurs. CISCO systems believes that the Internet and related technologies will enable India to reach a suitable target for a developed country.

"Companies in India are working hard to get involved in global competition, and they have come to realize the importance of investing in information technology and the Internet in order to adapt quickly to changing markets as quickly as possible," Chambers said." He added: "in the past one and a half years, CISCO company has been fully aware of the change characteristics of India market and made several strategic investment, has been achieved, the practice will prove that CISCO is a truly successful investor in India".

In recent years, India's Internet market is growing rapidly, liberalization, market reform and deregulation of telecommunications, making this growth further warming. In order to better serve the needs of consumers in India, in the past eighteen months, CISCO (India) company has released five independent vertical business team: IT, service enterprises, service providers, and government departments and users. Chambers pointed out that the expansion of CISCO systems investment plans in India will invest directly in the following areas:

- in the next three years, invest $750 million in research and development activities, including training and development of staff. CISCO's own research and development activities will be complemented by a strategic partner in India.

The $150 million investment will be specially assigned to a division of CISCO Systems Inc. - CISCO capital company ", the Department will provide CISCO's customers and partners to provide leasing and other financial solutions.

- $100 million in venture capital will be invested in a new venture in India, designated by CISCO systems.

- $100 million investment in customer support operations, in which technical services will be allocated to the main part of the investment, the remaining part of the Treasury for the construction and development.

CISCO company as early as 1995 first determine the operation in India, the company in India, Hyderabad, New Delhi, Mumbai, Bangalore, Chennai, Calcutta, Pune and Colombo as a global research and development center and office staff has more than 1400 people.

CISCO systems is also committed to the development of the network in India, CISCO system plan, currently has 141 network distribution in India national 22 provinces and regions, the network academy program before 2006 will be in each province and region to further expand.