CIOReview Team | Tuesday, 23 June 2015, 09:18 IST
As a part of its commitment to help India become a world leader in manufacturing and further fuelling the country’s digital transformation, Cisco has announced new investments in the country. Aligned with Cisco’s strategy to invest in emerging countries, Cisco has announced new local strategic initiatives, including the move to enable manufacturing in India to support the Digital India vision. As India plays a pivotal role in the company’s overall growth, innovation and talent strategy, the company has announced plans for direct and indirect investment of up to US$20 million over the next five years into the Cisco Networking Academy, with an additional US$40 million for the next phase of expansion in India.
John Chambers, Chairman and CEO said, “We are investing big in India. We came to India for the quality of the workforce. We invested in innovation, which is now transforming industries. Cisco is committed to partnering with India’s government to translate the Digital India vision into reality. I believe that India’s entrepreneurial spirit, highly skilled workforce and supportive government will accelerate the country’s digital transformation.”
- See more at: https://www.varindia.com/cisco-announces-its-investment-plans-in-india/#sthash.GQHugiXL.dpufAs a part of its commitment to help India become a world leader in manufacturing and further fuelling the country’s digital transformation, Cisco has announced new investments in the country. Aligned with Cisco’s strategy to invest in emerging countries, Cisco has announced new local strategic initiatives, including the move to enable manufacturing in India to support the Digital India vision. As India plays a pivotal role in the company’s overall growth, innovation and talent strategy, the company has announced plans for direct and indirect investment of up to US$20 million over the next five years into the Cisco Networking Academy, with an additional US$40 million for the next phase of expansion in India.
John Chambers, Chairman and CEO said, “We are investing big in India. We came to India for the quality of the workforce. We invested in innovation, which is now transforming industries. Cisco is committed to partnering with India’s government to translate the Digital India vision into reality. I believe that India’s entrepreneurial spirit, highly skilled workforce and supportive government will accelerate the country’s digital transformation.”
- See more at: https://www.varindia.com/cisco-announces-its-investment-plans-in-india/#sthash.GQHugiXL.dpu
John Chambers, Chairman and CEO said, “We are investing big in India. We came to India for the quality of the workforce. We invested in innovation, which is now transforming industries. Cisco is committed to partnering with India’s government to translate the Digital India vision into reality. I believe that India’s entrepreneurial spirit, highly skilled workforce and supportive government will accelerate the country’s digital transformation.”
Dinesh Malkani, President, Cisco India and SAARC, said, “The government’s Digital India vision will unleash huge opportunities, revolutionizing the way we live, work, play, and learn. Today’s announcements underscore India’s strategic importance to Cisco’s global operations, particularly as an innovator in the next wave of the Internet’s development. Cisco has made significant investments in India since we established operations in the country in 1995 and today’s announcement will lay the foundation for the next chapter in Cisco’s development in India.”
Cisco will use its global supply chain expertise to help build and accelerate the manufacturing ecosystem in India. To help accelerate the development of India’s electronics manufacturing ecosystem, Cisco will organize the Cisco Design and Innovation Conference in Bengaluru in February 2016, to bring together over 75 of Cisco’s key suppliers and partners to drive collaboration on product development and IoE-enabled supply chain technology.
The company will expand the Cisco Networking Academy programme to help India increase its pool of highly skilled technology professionals. The skills development programme is a cloud-delivered, scalable, high-quality programme that helps students learn how to design, build, secure and maintain computer networks. The company will contribute up to US$20 million, in direct and indirect investment, to train an additional 120,000 students in India by 2020.
Cisco also announced an US$40 million investment towards the expansion of its India facility.
Under the “India Innovation Theme”, Cisco has helped create a vibrant ecosystem catering to the needs of a rapidly digitizing India. With over 25 direct and indirect investments, Cisco is collaborating with entrepreneurs across India to discover and accelerate the creation and adoption of disruptive technologies as well as new business models around IoE.
