Cisco to invest $150 m. in India

BANGALORE: Networking giant Cisco Systems Inc said on Thursday it would be

investing $150 million to expand its technology development center in India over

the next two years.

"This will be Cisco's second largest research and development (R&D)

facility globally and the largest outside the US," said Cisco, Enterprise

Line of Business vice-president and general manager Jayshree Ullal addressing a

news conference in Bangalore.

Cisco officials said the company had already invested $75 million in India

since January 1996. The current announcement relates to fresh investments, they

said.

The R&D facility will be based in Bangalore.

(C) Reuters Limited 2000.