Cisco announces $1.1b investment initiative
- Cisco Systems, maker of Internet equipment, has announced an investment initiative totaling $1.1 billion in India. Cisco Systems president and CEO John Chambers announced this on the first day of his three-day visit to India. This is the largest business investment of Cisco outside of the US.
- In addition to this, Cisco will set up an IP-based Next Generation Network (NGN) lab with Bharat Sanchar Nigam Ltd (BSNL) in Chennai. The lab will support BSNL’s telecom network evolution by providing an environment to test services before rolling out on the actual network. To support these two initiatives, Cisco will invest a company $10 million.
- Cisco will also support the government’s initiative of establishing “Common Service Centers” (CSC) in villages in India. The company would provide networking equipment necessary to build networking infrastructure for up to 100 villages.