Cisco Systems hints at development plans for India Wednesday, December 06, 2006 04:01 [IST]
New Delhi: Global Data networking company, Cisco Systems
today (Dec 6, 2006)hinted at setting up
its manufacturing plans in India,
which will include some of its mainline products like routers and switches.
"The only thing we have not got here is manufacturing. We will talk about
it in the evening. The company had committed 1.1 billion dollar investment in
November last year. So Far in India
we have presence in R&D campus, R&D resources, Cisco Capital, Business
development/ventures and service agreement," Cisco Systems CEO and
Chairman John Chambers said at the CII-CEO forum today.
Chambers has a scheduled meeting with IT Minister Dayanidhi Maran in the evening
and it is expected that the manufacturing plans will possibly be disclosed
then.
The 30 billion dollar company, treats India as a strategic market and its
largest R&D centre is in the country.
The company dominates the networking market in core technologies
of routing and switching as well as WLAN and network security. |